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

To: TimF who wrote (141527)	1/12/2002 5:03:07 PM
From: tejek	Read Replies (2) \| Respond to of 1586088

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. Tim, you're response is typical of what some other Reps. are saying. However, there are others, apparently both Reps. and Dems, who seem to disagree. 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. Some might consider the freezing of your employees 401 accounts when you know you may have to file bankruptcy if not criminal, definitely immoral. ENE froze those accounts because it needed the downdraft of it stock to stop so it could borrow more money. It was a risky proposition with very slim odds of working given the way ENE had structured itself financially. That risk was taken at the expense of its employees......after all, upper mgmt had taken care of itself financially several months earlier. But in the meantime, members of the Bush administration, and I would have to assume that that includes the President, knew that ENE was in serious financial condition. Usually with companies as big as ENE, administration officials would go public with that info, indicating efforts were under review to determine the best way to remedy the problem. However, in the case of ENE, I suspect so many Bush people had close ties, they were unwilling to try to help bail out the company. The best they could do, for ENE's sake, was to keep quiet and hope that ENE solved its problems. 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. We are only seeing the tip of the iceberg. For that reason, its not worth commenting at this point. 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. Again, other Reps. feel the same way. It will probably take a court of law to decide. If nothing else, ENE's upper mgmt needs to have their collective butts kicked. ted