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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (141524)	1/11/2002 7:44:42 PM
From: TimF	Read Replies (1) \| Respond to of 1586064

What has come out is that at least two or three months before ENE started to fall apart, ENE's mgmt was contacting members of the Bush administration asking for a bailout. And apparently they where told no. Assuming that's true, then the question becomes why did those persons not do anything to alert the shareholders and employees of ENE that things were bad. I don't think it is their legal responsibility to do so. It can be argued that it isn't even a moral responsibility of theirs. It isn't their job to make announcements of who asks for a handout. That's the major issue.....did the Bush members collaborate with ENE to coverup the seriousness of their financial situation. If they actively aided Enron in covering up the company's difficulties then you have a good reason for a scandal, but not issuing a press release when they where asked for help doesn't amount to actively covering up anything. They would be obligated to mention something only if they knew that not only was Enron in trouble but that it was taking illegal steps to try to get out of the trouble. So far it has not been shown that Enron was taking such illegal steps, let alone that Bush administration officials had anything to do with it. Also to make it equivalent to whitewater it would have to be shown or atleast a credible charge would have to be brought that Bush himself knew about the illegal activities. I haven't heard anyone else except you claim that the problem was that administration officials did not release information about Enron being in trouble. You are atleast making some claim of wrongdoing but as I detail in the paragraph above I still don't see how that is a scandal for anyone outside of Enron. Tim