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Non-Tech : The ENRON Scandal

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To: Logain Ablar who wrote (1048)1/23/2002 4:41:02 PM
From: Karen Lawrence  Read Replies (1) of 5185
 
Actually, the first person to have Lay over was George Bush elder:

Political giving helped fuel Enron's growth, clout
BY DAN MORGAN AND JULIET EILPERIN
Washington Post Service

WASHINGTON -- During the administration of the first President George Bush, a new party fundraiser named Kenneth Lay was invited to spend the night at the White House. The sleepover was an early coup for Lay, the chairman of Enron Corp., and a harbinger of things to come.

During the next decade, Lay and Enron poured millions of dollars into U.S. politics, cultivating unequaled access and using the entree to lobby Congress, the White House and regulatory agencies for action that was critical to the energy company's spectacular growth.

Now, with Enron's sudden bankruptcy, public attention has turned not only to the financial practices that brought the company down, but to what its far-flung political operations say about the country's campaign finance system
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