Posted on 12/16/2001 3:48:14 PM PST by rdavis84
Are you implying that W has complicity?
Was he on the Enron board?
Is there any reason that he should have been able to divine the accounting hokey-pokey (which by the way the IVy league MBAs could not) that was Enron propaganda?
Get real dude!
What is your position on the latest OBL tapes . . . no, let me guess! They are VRWC counterfeits, right?
I won't quibble about the "Jr." even though it's wrong, but two gross errors in the same sentence makes the whole "hit piece" intensely suspect and easy for me to reject in it's entirety.
In 1988, Daddy Bush, the 41st was running against Dukakkis and "W" wasn't governor! Maw Richards was!!!
Honest to goodness, do you self annointed purists, obsessive cynics and obnoxious Liberaltarians actually think a candidate, or their volunteers can afford to be so picky that they can hire private investigators to research all the dirty laundry of each and every possible contributor?
The few hundred thousand contributed by this entity was a drop in the bucket compared to the millions "W" raised in a relatively short time. At least he didn't rob a reservation of poor Indians in El Reno, OK and then have his Secretary of Interior turn around and screw them out of any kind of consideration for their money.
Democrats have always believed, as Jesse Unruh of CA once said: "If you can't take their money, drink their booze, screw their women and still vote against 'em, you're in the wrong business!" At least Republicans do legitimate things to make government more business friendly to provide legitimate employment for alla yew union, purists, cynics and annoying gripers that keep borrowing this pap from the Demonicrats, trying to support moral equivalence when there is NONE!!!
(/ranting & raving)(grin)
Agreed 100%. It's interesting to observe the current crop and some older crop put their best efforts at Transferring any given article Author's views to the poster of that article. My personal stand is and always HAS been that there is too much government, that they dance to too many special interest puppetmasters, and they no longer have ANY concept of the Constitution.
I'm crushed.
But I'll get over it.
What took them so long???
So he DID create the Yugo!
Always a dead giveaway to the mental, possible physical age of a poster.
Why don't you read, even if it's kinda tuff, my replies? Then mentally separate that from the "article". O.K.? Dude.
How will I know it's really you after you get a new screen name and send me a "howdy" FReepmail?
Perhaps you could just pick out a new name now and tell it to me tonight. That way I won't feel like I'm being accosted by a FRanger. ;-)
How about both. That would be my vote.
Not even gonna look. But in my previous post I mentioned the Dem. hacks pushing this Enron talking point.
Hey, maybe Ken Lay was in on that moon landing hoax?
As for Enron, the board of directors and senior corporate officers are in a ton of hot water. They were involved in some really questionable backdoor deals that they didn't tell their stockholders about. Those deals wound up losing a hell of a lot of money (obviously; they're bankrupt now). They were also cooking the books to make Enron's financial picture look better than it really was. The word around the campfire right now is that the top guys in the company sold off all their stock to get some cash before it became public that Enron was crashing and burning. They're now being sued by their stockholders for $25 billion.
I just found out their att'y has filed to move the case from NY to Texas, now I really wonder why they want to do that!
Congress Probes Enron Downfall
Business/Economy
Source: AP
Published: Wednesday December 12 8:17 AM ET Author: MARCY GORDON
Posted on 12/12/01 6:41 AM Pacific by boston_liberty
WASHINGTON (AP) - Congress is investigating the collapse of Enron Corp., whose swift downfall left countless investors burned, thousands of employees out of work with decimated retirement savings and the once high-flying company in federal bankruptcy court.
The huge energy-trading company has declined to send any officials to a hearing by two House panels. And investigators for another committee are trying to locate Enron's former chief financial officer, the lead architect of complex partnerships that are under government scrutiny.
Amid the company's strife, nearly 600 employees deemed critical to its operations received more than $100 million in bonuses last month as Enron faced a merger that unraveled and then bankruptcy.
Wednesday's hearing by two panels of the House Financial Services Committee was designed to help Congress and the public ``understand as best we can what structurally went wrong, what mistakes were made and what mistakes were not noticed,´´ Committee Chairman Rep. Michael Oxley, R-Ohio, said Tuesday.
Subjects being examined include the Houston-based company's accounting practices, potential securities law violations and Enron's handling of its employees' 401(k) retirement investment plans, Oxley said.
Joseph Berardino, chief executive of the accounting firm Arthur Andersen LLP, which was Enron's longtime auditor, and Robert Herdman, chief accountant of the Securities and Exchange Commission, were testifying as requested by the lawmakers.
The SEC is examining Enron's use of questionable partnerships that allowed the company to keep some $500 million in debt off its books, and has issued subpoenas to Andersen related to its auditing of Enron's accounts. Enron, which only months ago was the nation's seventh-biggest in revenue, has acknowledged that it overstated profits for four years.
Absent from the hearing was Enron Chairman and Chief Executive Kenneth Lay, who had been asked to appear by the lawmakers.
``I don´t think they want to, or are not prepared to answer some very pointed questions about what went wrong,´´ Oxley said.
Enron spokeswoman Karen Denne said neither Lay nor any other Enron officials were testifying because ``we don´t believe we would be able to adequately serve the interest of the committee while at the same time trying to serve the interest of our creditors, shareholders and our current and former employees.´´
Lay, who built the world's largest energy trader by buying electricity from generators and selling it to consumers, is no stranger to Washington. He is a friend of President Bush and one of his largest campaign contributors, donating $250,000 to the Republican Party during Bush's run for president and raising at least $100,000 for Bush from other donors.
Lay was among the executives who met privately with Vice President Dick Cheney as his task force formulated an energy plan last spring.
The House Energy and Commerce Committee, which is conducting its own probe, has given Enron's former chief financial officer, Andrew Fastow, until Dec. 21 to meet with committee investigators or face a subpoena to testify at a hearing. ``Quite simply, he cannot be found,´´ said Ken Johnson, a spokesman for Rep. Billy Tauzin, R-La., the panel´s chairman. ``We are troubled by his unresponsiveness.´´
Committee investigators sent a letter to Fastow's attorney in Houston. A Fastow lawyer recently denied rumors that his client had left the country, saying Fastow is in the United States, though he rarely appears in public because he and his family have received death threats since his ouster from Enron in October.
Enron filed for bankruptcy protection from creditors on Dec. 2, following a six-week downward spiral, and also filed a $10 billion lawsuit against smaller rival Dynegy Inc. for scrapping a proposed buyout. In addition to the SEC probe, Enron also is under investigation by the Justice Department.
The Labor Department is looking into Enron's handling of its employees' retirement benefit plans. Before filing its bankruptcy petition, Enron prohibited its workers for several weeks from selling stock held in voluntary retirement plans while the share price plunged. Worth more than $80 a year ago, Enron's stock has tumbled to less than a dollar a share
O.K. I'll write this real small, don't let anybody see it! I'll put a "smiley" :-) at the start of my FReeMail. Then I'll rearrange all the letters in my new screenname so they read like some kinda code. Then I'll tell you how to un-scramble them. See how easy it'll be. BTW, I've been thinkin' of rdavis85.
Just between meenu, ;-)
If you'd like to know more, you can still access more than you'll ever have time to read, without ever leaving FreeRepublic, just by doing a Google search.
It is my contention that the overwhelming preponderance of the evidence forces one to conclude that facets of the CIA, and other portions of our gov't., had direct complicity in the flood of drugs entering this country - not just in L.A., and not just through one or two administrations.
THE David Boies from Judge Saul Sanders fame?
They REALLY do need to do some jail time, and in a regular prison. But I know that won't happen; fines and community service, betcha.
This whole, I say again Whole, article should be instructional to folks about a very detrimental and very prevalent situation that most here are willing to just write off as "normal". "Connections" and "Good Old Boys"
Well, the folks who may not be able to comfortably retire because of it will take it seriously. And the ONLY way to start decreasing the prevalence of this is to mete out actual Justice.
But politics says that won't happen, so, sorry folks, it might be Your Retirement next. Or should I just tell them " TOUGH!"?
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