All of the company's information goes through the investor relations department. Koenig has a key perspective of what went wrong because he [was] the window that [showed] the inside of Enron to the public. |
Cramer's moving the markets like the star Internet analysts did during the tech bubble. He's got a big following of people who think they're acting responsibly by following Cramer's advice--but in reality he's dangerous to their health. |
I call it the finger pointing defense. They are going to say that they relied on others and if something was wrong with the off-the-book partnership, the professionals should have told them. |
I don't think they have any legitimate grounds for appeal. You have to have some major screw up for a case like this to be reversed or for a judge as prominent as this to be challenged by an appeals court and this doesn't rise to that level. |
If these numbers turn out to be accurate, this appears to be the largest scam of retail investors ever. It certainly eclipses the high-profile boiler-room cases of the early 1990s. |
Juries tend to be offended by the idea that consultants are watching their every move and predicting how they are thinking. Nobody likes feeling manipulated. |
Once a defendant takes the stand, the issue becomes 'Do we believe what he is saying or do we believe the prior case of the prosecution?'. |
There are those who are trying to roll back [a key section] of the law less than two years after it took effect. But these rules were put in place to protect us after Enron. |
Too much money has been spent on both sides and my feeling is that the company can get a fair trial given the diverse amount of people in Houston. |