The ENRON Scandal Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The ENRON Scandal

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mephisto who wrote (521)	1/15/2002 11:15:47 AM
From: Michael L. Voorhees	Read Replies (3) of 5185

ANOTHER SCANDAL BAKING (THE CARLYLE GROUP)? redherring.com And from the New York Times: nytimes.com "And the business magazine Red Herring has published the biggest exposé to date of the secretive Carlyle Group, an investment company whose story sounds like the plot of a bad TV series. Carlyle specializes in buying down-and-out defense contractors, then reselling them when their fortunes miraculously improve after they receive new government business. Among the company's employees is former President George H. W. Bush. Among the group's investors, until late October, was the bin Laden family of Saudi Arabia. Another administration would have regarded the elder Bush's role at Carlyle as unseemly; this administration apparently does not. And Defense Secretary Donald Rumsfeld recently gave his old college wrestling partner Frank Carlucci, head of Carlyle, a very nice gift: Mr. Rumsfeld decided to proceed with the much-criticized Crusader artillery system, which even the Pentagon wanted to cancel. The result was another turnaround for a Carlyle-owned company. Sad to say, none of this is clearly illegal — it just stinks to high heaven. That's why the Bush administration will try to keep the Enron story narrowly focused on one company during its death throes. Just remember that the real story is much bigger"

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next