Bush and Enron

[UltraQuiet]

<< well while the major brokerage firms were telling their important clients to sell, ie bush's pals, they were telling everyone else to buy, >>



ROFLMAO! So it was a conspiracy by some major brokerage firms that allowed some select people to make money and others to lose money. I'm laughing so hard I can hardly type. ZAQ is that really you?

 

[charrison]

bigdog1218,

I am really impressed that bush was able to control 10 brokerage firms and make them give favorable buy ratings to enron. I thought he was not supposed to be that bright, or have any leadership abilities.

I am all for an investigation. If there is insider trading, it should be brought to light. And the people that setup the enron retirement plan should never get another job planning retirements again.

Also anyone could have cashed their 401k out at any time(correct me if i am wrong), but you just have the penalties and taxes for doing so.

 

[flavio]

<< But Friday?s disclosure was important because it was the first indication that Enron sought direct help from the Bush Administration, which it had close political ties to. Enron was one of President Bush?s biggest political contributors, and several White House officials, including Attorney General John Ashcroft, received campaign contributions from the company over the years. >>



http://www.msnbc.com/news/686110.asp?0dm=C14QB

 

[ImTyping]

Hmm. Only a coupla dots that I need to see: 500 Enron execs split 50 million in profit checks days before the final collapse of the stock. Bush's White House is full of Enron stock holders.

I guess since this does not involve a 30 year old land deal and the president's penis, it will fade into obscurity before we find out all the facts.

 

[killmeplease]

Yes................What a scandal!

Also, did you know that Bush has aliens living in the basement of the Whitehouse? It's true!

Duh

 

[ToBeMe]

It just gets more interesting as more information comes to the surface..............

• On Nov. 22, 1995 President Clinton scrawled an FYI note to chief of staff Mack McLarty, enclosing a newspaper article on Enron Corp. and the vicissitudes of its $3 billion power-plant project in India.
  
  McLarty then reached out to Enron's chairman, Ken Lay, and over the next nine months closely monitored the project with the U.S. ambassador to New Delhi, keeping Lay informed of the Administration's efforts, according to White House documents reviewed by TIME magazine.
  
  In June 1996, four days before India granted final approval to Enron's controversial $3 billion power-plant project, Enron's gave $100,000 to President Clinton's party.
  
  McLarty was later hired by Enron. Lay also played golf with President Bill Clinton and slept in the Clinton White House. A master of political manipulation of both parties, Lay served as an adviser to the Clinton White House on energy issues. The Clinton administration, in turn, helped Enron get a contract for a gas pipeline in Mozambique and other projects, according to reports.
  
  
  

 

[SuperTool]

All you Bush lovers are going to pretend like there is no link, but I think there is a reason why FERC stood by as Enrons of this world drove up the CA electricity prices by withholding supplies.
Anyways, regardless of whether there is any quid pro quo, the whole Enron story sure makes me happy. First of all all these Enron employees who were hoping that their options would go up from ripping off CA ratepayers are now gainfully unemployed. Second, the democrats are not going to let this one die. It will be investigated through and through, and lots of implications will be made. Whether anything comes of this, it will tarnish the Bush presidency.

 

[UltraQuiet]

<< Whether anything comes of this, it will tarnish the Bush presidency. >>


It might tarnish it in the minds of those of you that only have one-half of one living brain cell, but those of us with intelligence will know better. Did Enron and their accounting firm act improperly. Maybe, time will tell. The rest of it is election year bullsh!t made up by the demoidiots who understand they are going to have a very hard time come November. I hope they push this issue and I hope Daschle keeps making comments like "the tax cut made the recession worse". It will be the democrats who are gainfully unemployed come next January.

 

[flavio]

<< Yes................What a scandal!

Also, did you know that Bush has aliens living in the basement of the Whitehouse? It's true!

Duh >>




An inteligent rebuttal if ever I heard one. Unthinking devotion is not as rare as I hoped it seems.

 

[Random Variable]

<< On Nov. 22, 1995 President Clinton scrawled an FYI note to chief of staff Mack McLarty, enclosing a newspaper article on Enron Corp. and the vicissitudes of its $3 billion power-plant project in India.

McLarty then reached out to Enron's chairman, Ken Lay, and over the next nine months closely monitored the project with the U.S. ambassador to New Delhi, keeping Lay informed of the Administration's efforts, according to White House documents reviewed by TIME magazine.

In June 1996, four days before India granted final approval to Enron's controversial $3 billion power-plant project, Enron's gave $100,000 to President Clinton's party.

Enron denies that its gift was repayment for Clinton's attention, and White House special counsel Lanny Davis says McLarty acted out of concern for a major U.S. investment overseas, TIME's Michael Weisskopf reported. >>



EDIT:

<< McLarty was later hired by Enron. Lay also played golf with President Bill Clinton and slept in the Clinton White House. A master of political manipulation of both parties, Lay served as an adviser to the Clinton White House on energy issues. The Clinton administration, in turn, helped Enron get a contract for a gas pipeline in Mozambique and other projects, according to reports. >>

 

[Babbles]

So many of you guys seem to just know so much and seem to be able to solve everything, eh?
Screw government, religion, and science, we'll just have Anandtech OT people fix everything.

Sorry, I just get bitter reading things and so many of the folks all over the internet, not just this forum, seem to just have all the answers and know everything. . .

Anyhow, wait until the SEC investigates. And as I think somebody was trying to imply, what in the hell power would Bush have over the SEC. Also, it was never a big secret that President Buch (both of them) and company invested in oil and energy. So, with Enron being one of the largest, how in the hell could people be suprised that somebody who invests in energy stocks happens to own Enron.
So, Enron's stock tanked. Anybody that can read the financial portion of a newspaper could see that.

But, on the otherhand, why the other folks were not allowed to sell their shares is disturbing.

Instead of just instantly blaming a President, or anybody for that matter, whom for whatever reason you don't like, wait until you get the facts first. Maybe you all should point the finger and good ole Arthur Andersen.
Or as somebody said, when you find their hands in the cookie jar . . .

<a target=new class=ftalternatingbarlinklarge href="http://www.energyonline.com/news/articles/lDec12-1.asp
[L=Article]http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A34904-2001Dec12">Article</a>
<a target=new class=ftalternatingbarlinklarge href="http://money.cnn.com/2001/12/12/companies/enron/[L]
[L=Articlehttp://www.txcn.com/business/STORY.ea908b672a.b0.af.0.a4.7d55d.html/[L]
[L=Articlehttp://www.txcn.com/business/STORY.ea908b672a.b0.af.0.a4.7d55d.html">Article</a>
[url="http://www.wired.com/news/business/0,1367,48785-2,00.html"]Article[/url]
<a target=new class=ftalternatingbarlinklarge href="http://money.cnn.com/2001/12/12/companies/enron/[L]
[L=Article]http://www.txcn.com/business/STORY.ea908b672a.b0.af.0.a4.7d55d.html">Article</a>
Article
Article

 

[Stifko]

What about the accountants from Anderson destroying documents? This is a huge scandal!!! And I betcha Bush is dirty.

 

[Texmaster]

And Robert Ruben a DEMOCRAT tried also to intervene at the last second on Enron's behalf.

It was even repoted that when Enron called the White House for help, they were TURNED DOWN.

Look, I know you little liberals would LOVE to make this a Bush scandle (especially before any evidence has been prestented) but SO FAR it isn't one. Republicans in the state department who had contributions from Enron from the lowest aid in Houston to Ashcroft himself for political donations when he was Senator have recused themselves and unlike Reno, Ashcroft actually OPENS investigations even when the president is suspected.

If the Republicans are directly involved in this, any republican, string em up. And that goes for the DEMOCRATS too. I know this is going to shock you liberals but Democrats ALSO got donations from Enron.

All the evidence points to a dirty company. Until there is evidence that actually links Bush to it, its just a liberal wet dream.

 

[killmeplease]

<<

<< Yes................What a scandal!

Also, did you know that Bush has aliens living in the basement of the Whitehouse? It's true!

Duh >>




An inteligent rebuttal if ever I heard one. Unthinking devotion is not as rare as I hoped it seems. >>



It takes little effort to answer to simple innuendo. And deserves even less.

 

[PlatinumGold]

Just answer 1 question. IS THERE THE POSSIBILITY OF IMPROPRIETY ON THE PART OF BUSH?

I'm not saying come to a conclusin here, but if the possibility exists, shouldn't the PRESIDENT be held to an higher standard than your average JOE SCHMOO??

If the possibility exists then IT MUST BE INVESTIGATED. How can you deny that?

All i see and here are innuendo's and might be's. well enough innuendo's and might be's should lead at least to an investigation to determine the truth of the matter.

Did the Whitewater investigation start on anything more than that??

 

[Texmaster]

<< Just answer 1 question. IS THERE THE POSSIBILITY OF IMPROPRIETY ON THE PART OF BUSH?

I'm not saying come to a conclusin here, but if the possibility exists, shouldn't the PRESIDENT be held to an higher standard than your average JOE SCHMOO??

If the possibility exists then IT MUST BE INVESTIGATED. How can you deny that? >>



LOL Bush has already CALLED for an investigation and Ashcroft has opened his own! LOL Where have you been?

 

[PlatinumGold]

i wasn't arguing whethor or not it was being investigated. the bush defenders here are talking as if BUSH HAD NO INVOLVEMENT.

I'm just saying it's not really up to us to say. sure we can have opinions, but uninformed opinions are exactly that.

 

[Moonbeam]

With Bush seeming to have nothing between either his ears or his legs, I had hoped we'd see some respite from scandal.

 

[DevilsAdvocate]

Influence over appointments through campaign contributions is not out of the ordinary.

The Federal Energy Regulatory Commission head you are talking about had to be confirmed by the Congress - that means both Democrats and Republicans alike had to confirm him. Enron made contributions to both sides of the aisle. A lot of money is handed out regularly by PAC's. Lots of money went to influential Republicans. Lots went to Democrats...

The Democrats probably don't want to touch this, as many of their hands would also be unclean. Also the truth, if unearthed, would completely destroy campaign financing as they know it. There might arise a deafeningroar from the populace for reform, and nobody in Washington really wants that. The players in DC won the game, playing by the present set of rules. The present set of rules favors the incumbent greatly. Nobody wants to upset a perfectly good applecart - at least while their apples are in it.

The investigation has already been opened into Enron... we'll know the facts soon. Until then, there is nothing more here than innuendo.

 

[PlatinumGold]

advocate

but that's my point, if there is an investigation and it is PROVEN that Bush had more than just a minor role, why would anyone wanna defend him?

I just hate blind partisonship.

 

[UltraQuiet]

<< i wasn't arguing whethor or not it was being investigated. the bush defenders here are talking as if BUSH HAD NO INVOLVEMENT. >>


I notice you have nothing to say to anyone who has already pronounced Bush guilty. Talk about blind partisanship.

 

[SuperTool]

Well, at the very least this is the end of the personal retirement account debate for now. Also, the democrats will use this to say that Bush is only looking out for the rich, and it's a good distraction from Bush's right wing agenda.

 

[killmeplease]

<< advocate

but that's my point, if there is an investigation and it is PROVEN that Bush had more than just a minor role, why would anyone wanna defend him?

I just hate blind partisonship. >>



Can you give me one instance that Bush did anything but have somebody cash Enron's check?

Hell, Charles Shumer did THAT along with half the Dems in the Senate.

But OMG, the Republicans got 75% of Enron's campaign funds! Duh! The dems have been "just a bit" less receptive to energy exploration. Who the hell do you think gets an energy broker's funds?! Check the campaign funding geographically. Do you think it's a coincidence that Texas politicians (both Dem & Rep) got ENERGY campaign funds? The Dems were lucky to get $.01.

Enron looked to the Bush administration for protection from their creditors. Tell me, what help did they get? ZERO! After several calls and begging from officials to the administration. Not even a phone call was made by the administration on Enron's behalf.

If Enron wanted something, they are 2 years too late.

Maybe if a Dem gets elected before the statute of limitations, some @ Enron could buy themselves a pardon.

 

[Michael]

NFS4 is studying to be an accountant. I would bet big bucks that the Enron story is being discussed big time in his classes and with his peers. I'm ignoring the political bullcrap. The accounting and auditing substory is very interesting.

What did the auditors know and when did they know it?

Is our system of management paying the "independent" auditors flawed at it's very heart?

That's more what I'm interested in. Audit firms are LLP's, but a capital call for AA on this could ruin the whole partnership.

Michael

 

[UltraQuiet]

<< Well, at the very least this is the end of the personal retirement account debate for now. Also, the democrats will use this to say that Bush is only looking out for the rich, and it's a good distraction from Bush's right wing agenda. >>


Try to keep up. Yesterday, at the daily White House press briefing, Ari Fleischer was asked specifically if the Pres was still commited to personal retirement accounts to augment SS. The answer was YES. He also alluded, but did not actually say, that anyone who was not smart enough to diversify probably got what they deserved. He also went on to talk about the investigations that the Pres had ordered to see if Enron had acted properly in the administering of their 401K's. I fully support this.
How does a company going bankrupt, one that evidently asked for and got no help fron the gov't, give the Demoidiots ammunition to say that Bush is only looking out for the rich? I'm sure they'll try, as you have, and fall flat on their asses.