Question
Occasionally I just give in to a dark need to vent and "poke at the Dragon".
There is a rambling thread on the Store Board titled "eBay = Enron"
I disagree with that premise and felt it was necessary to "defend" eBay (in my own way).
I so enjoyed the process I may do it again, soon.
I kind of expected a thank you from a Pink but maybe that will come later in the week.
What do you think?
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I'm no FOE (Friend of eBay).
That said, I've never seen anything to suggest fraud in the model of Enron.
Sure there are occasional smoke and mirrors transactions, a few lost legal actions brought by users and outside interests, some operating out in front of the law where the Internet is ahead of regulation, a small SEC issue about favored treatment for IPO shares, perfectly legal tax avoidance by establishing off shore divisions in favorable tax havens as with the Australian site, heavy lobbyihng including throwing some money around to influence issues like accounting methods for stock options, a lot of dancing around with people looking at PayPal for banking violations and generally being a monopoly bully but nothing I would consider fraud.
Meg is too smart and/or heard the message loud and clear when Martha went to jail.
Answer
I agree eBay is not at all like Enron, but it sure reminds me of FEMA.
Larry