On Sun, 06 Jul 2003 20:22:57 GMT, "Stan de SD"
<standesd@earthlink.net> wrote:

>
>"toto" <scarecrow@wicked.witch> wrote in message
>news:07sggvkm8n7cfe7ck3k1v641o963j56b5c@4ax.com.. .
>> On Sun, 06 Jul 2003 18:26:21 GMT, "Stan de SD"
>> <standesd@earthlink.net> wrote:
>>
>> >"Roger" <rogerfx@hotmail.com> wrote in message
>> >news:N4zNa.246$tr1.28711127@newssvr14.news.prodig y.com...
>> >> Was Enron one of your "highly successful operations that cater to the
>> >TASTES
>> >> and PREFERENCES of working-class America"?
>> >
>> >No. First of all, it wasn't successful, and secondly, it was an example
>of
>> >the negligence of the SEC under Clinton's watch.
>>
>> Enron was quite successful until they got caught playing with funny
>> money
>
>And again, it happened due to lax oversight on Slick Willie's watch...
>
You know, Stan, I am not a big fan of Clinton, but you really need
to take a look at Bush's complicity in this matter as well.

These facts elude your attention, Stan?

During the 2000 presidential campaign, the Center for Public Integrity
named Enron as the single largest patron of Bush’s entire political
career.

U.S. Trade Representative Robert Zoellick and White House economist
Lawrence Lindsey were paid Enron advisers before Bush appointed them
to his administration. Bush tapped Enron lobbyist and former Montana
Governor Marc Racicot to head the national Republican Party in late
2000.

Bush named Ken Lay to his Energy Department transition team and
resisted calls for price controls when Enron and other power companies
were accused of price gouging to exploit the West Coast power crisis.

As Enron’s crisis worsened through the first nine months of the Bush
presidency, Ken Lay got Bush’s help in three principal ways:

--Bush personally joined the fight against imposing caps on the
soaring price of electricity in California at a time when Enron was
artificially driving up the price of electricity by manipulating
supply. Bush’s rear-guard action against price caps bought Enron and
other energy traders extra time to gouge hundreds of millions of
dollars from California’s consumers.

--Bush granted Lay broad influence over the administration’s energy
policies, including the choice of key regulators to oversee Enron’s
businesses. The chairman of the Federal Energy Regulatory Commission
was suddenly replaced in 2001 after he began to delve into Enron’s
complex derivative-financing schemes.

--Bush had his National Security Council staff organize an
administration-wide campaign to pressure the Indian government to
accommodate Enron, which wanted to sell its generating plant in
Dabhol, India, for $2.3 billion. Bush administration pressure on India
over the Dabhol plant continued even after Sept. 11, when India’s
support was needed for the war on terrorism. The administration’s
threats against India on Enron’s behalf didn’t stop until Nov. 8.
>>
>> During the late 1990s and early 2000s, Enron was a trading powerhouse.
>> The firm, which had started as a US natural gas pipeline company,
>> started trading energies, then launched into new markets, including
>> metals, paper, water, weather and bandwidth. For a time, it seamed
>> that everything Enron touched turned to gold. The firm attracted some
>> of the best talent, first from the energy industry, and then from Wall
>> Street. In 2001, the Enron empire collapsed. The firm's bankruptcy was
>> the largest in US history, surpassed seven months later by WorldCom's
>> bankruptcy.
>>
>>

--
Dorothy

There is no sound, no cry in all the world
that can be heard unless someone listens ..
Outer Limits