[PRND21]

Assets like pensions and goodwill? Yeah, I thought WCOM had assets...

I hear you, I have WCOM stock. ;(

[Professional]

WCOM, unlike Conseco, was an absolute corrupt lie that was supported by lots of major players on Wall Street. Only a year before they went bankrupt, they floated one of the biggest bond issues in history. Only one year! The rating was an A, which gave them fairly cheap access to the credit markets. The book value 4 months before bankruptcy was $20 per share and earnings forecast by the street at $1 for 2003. Lies, damn corrupt lies. And Merrill gets a $100 million dollar fine, what a frickin joke. Merrill, Sollie, GS, DW, PW, should all be sued out of business, but they wont.