Doug Henwood wrote:
>
> A bitchy list from a Brookings study of the economic impact of the
> "corporate governance" scandals (which looks rather uncurious about
> the effects of the bubble in the first place):
>
> Table 7: The many roads to failure*
> Day Event Market Reaction
>
> January 22, 2002 Bush speech assails Enron executives who heavily
> contributed to his campaign Down 0.73%
>
> January 27, 2002 SEC chair Harvey Pitt announces proposal to require
> CEO certification of annual report Down 0.08%
>
This has an interesting resemblance to the methods of "conspiracists" -- the collection of large numbers of coincidences which are then assumed to exhibit a pattern.
I drank scotch and soda last Monday and got a hell of a hangover.
I drank bourbon and soda on Wednesday and got a hell of a hangover.
I drank rye and soda on Friday and got a hell of a hangover.
I'm going to stay away from that soda.
Carrol