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Non-Tech : The ENRON Scandal

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To: Short A. Few who wrote (4303)	8/6/2002 2:34:10 PM
From: Mephisto	Read Replies (1) of 5185

" Pitt's reluctance to act has been true to form." Well, Pitt and Ashcroft--I almost said Bushcroft--would act if Bush told them to do so. Bush will let the corporate Enron crooks off the hook. Enron's collapse and its manipulation of accounting tricks might never have happened had it not been for deregulation. Former President Ronald Reagan supported deregulation so he should be held accountable for the part his policies played in Enron's rise and fall. (Bush's policies and corporate America have taken advantage of Reagan and Republican policy.) "Enron was a prime beneficiary of the relaxed regulatory climate of the 1990s. Lay, an energy regulator in the 1970s, built the company to take advantage of the deregulation of natural gas prices and sales that began in the Reagan administration." Excerpt from the article, " THE FALL OF ENRON \| Catastrophe Hidden Debts, Deals Scuttle Last Chance " By Peter Behr and April Witt Washington Post Staff Writers Thursday, August 1, 2002; Page A01 Page 1 on SI, see: Message 17840012 Page 2 on SI, see: Message 17840014

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