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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JEB who wrote (213259)	12/28/2001 11:36:24 PM
From: JEB	Read Replies (2) \| Respond to of 769667

Bush calls for probe into Enron By Gwen Robinson in Washington Published: December 28 2001 21:08 \| Last Updated: December 28 2001 22:37 President George W. Bush on Friday said the US government should examine the collapse of Enron and the employees who have lost life savings. Speaking at his ranch in Texas, the US president said he was "deeply concerned about the citizens of Houston who worked for Enron, who lost life savings". Senior management at the collapsed energy trader and the Republican party are known to have close relationships. On Friday, Mr Bush said he had had no contact with Kenneth Lay, Enron chief executive, or other Enron officials over the past six weeks. "It's very troubling to read the stories about those who . . . had their Enron stock locked up in their 401(k) [retirement] plans and then saw their savings dissipate." Mr Bush said it was "very important to understand what took place" in Enron's collapse, the largest bankruptcy in US history. "The government will be looking into this. I mean, the SEC will be looking into the matters; the Congress appears to be looking into the matters; there will be a lot of government inquiry into Enron and what took place there." news.ft.com