| Username |
Post |
| HahooGuru |
Posted
on 14-Jan-02 10:54 PM
RNAC is Nepali Enron, that is going to be announed as
a bankrupted company.
Some others,
Nepal Bank Limited.
Rastriya Banijya Bank Limited.
All most all sansthan created in Panchayat Kal to
give top level jobs to selected royal relatives and now
Girija Relatives.
HahooGuru
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| Nomad |
Posted
on 15-Jan-02 12:37 AM
The only difference being that despite Enron (which at one point in time occupied 25% of energy trading in the US) going down the drains, the energy distribution system in the country has remained stable. One of America's largest corporations might have failed, but the genius of the market has succeeded. Other energy companies have filled the vacuum that was created by the collapse. Who benefited at the end was the consumer.
>RNAC is Nepali Enron, that is going to be announed as
>a bankrupted company.
I don't see how you can compare Enron with hamro RNAC. Fine, it may be the largest player in the airlines industry, like RNAC. Enron has(d) a lot of influence in Washington (the other way round in the case of RNAC). We would be lucky if we had organizations that innovated and took the risk the fail. I'm obviously overlooking the lies that Enron told its investors to make its profits sound higher. But the fact remains that Enron's model of trading energy succeeded. And I consider Enron story a success, not failure.
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| NK |
Posted
on 15-Jan-02 12:04 PM
This is the most short sighted, praise-the-capitalism-blindly, posting I ever saw! . Only dozen of executives made Million while 1000 of its employees lost their LIFE SAVING with the job. Lay made 160 MILLION SELLING HIS STOCKS WHILE HIS EMPLOYEES WERE NOT ALLOWED TO SELL. Until August/September Lay was telling, no make that LYING(!) company was doing good even when he received the letter from his VP that the company practice of shady accounting is making her very nervous, and the company is not doing that good at all.
With the cosy relationship with the Bushies, and giving 1000 and 1000s if not in millions (actually if you add it all up over the years how much they gave to bush it would add to million) in contribution made them get their way- DEGRULATION AS MUCH AS POSSIBLE. jUST hype up the company, inflate your balance sheet and sell that to unuspecting clients and your own employees. You know one would go jail for, except in this case they had the "law" on their side. They were allowed (thanks to the contribution acceptor) to hide their debts and show everything they traded as profit.
A bank robber with a gun in hand robs the teller. He gets caught and put in jail for 10 years. Let's see what Lay will get for being born in the right color catagory and having friends at to the top.
Have you heard of White collar Crime? Just the name is so sanitized. Gotta love it.
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