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To: stockman_scott who wrote (46362)1/14/2002 8:47:56 PM
From: Cactus Jack  Read Replies (1) | Respond to of 65232
 
Scott,

This ENE debacle is going to get more disgusting as the facts come out:

biz.yahoo.com

We may be seeing the next deep pocket to get hit:

"Tauzin and Greenwood said senior Enron officials instructed the law firm of Vinson & Elkins to review the employee's allegations, but instructed the outside attorneys not to second-guess accounting advice and not to analyze the questioned transactions in detail.

The Vinson & Elkins review concluded that the concerns expressed by the Enron employee did not warrant further widespread investigation by independent counsel and auditors, Tauzin and Greenwood said. The review said the employee's information raised no facts that had not been known or disclosed by company officials and auditors.

But the Vinson & Elkins review noted that ``there is a serious risk of adverse publicity and litigation'' from the partnership transactions, according to the congressmen.

In its limited review, Vinson & Elkins interviewed Andrew Fastow, Enron's chief financial officer who was the lead architect of complex partnerships that allowed Enron to keep debt off its books. Vinson & Elkins also interviewed David Duncan, the partner-in-charge of the Enron account at Anderson, the outside auditor of Enron's books.

On Oct. 16, Enron announced hundreds of millions of dollars in third-quarter losses and a writedown of more than a billion dollars relating to the partnerships. The company filed for bankruptcy Dec. 2."

jpgill



To: stockman_scott who wrote (46362)1/14/2002 8:59:46 PM
From: Sully-  Read Replies (5) | Respond to of 65232
 
Scott,

This post got me banned from the Enron Scandal thread............ which has no published rules regarding posting............ but the thread certainly does have an obvious bias........... No warning & no explanation were offered.

Message 16908704

If you are following the thread, it seems that those who dare express the conservative POV supported by factual evidence, are summarily banned. It also seems to be populated by folks, with very liberal perceptions of reality, who are on a witch hunt against the Bush Administration....... regardless of the known facts.

Considering that the conservative POV is being eliminated on that thread, it seems they're indulging their bias & whipping themselves into a froth creating perceptions of vast conspiracies by the Bush Admin......... regardless of the facts.

You know, I don't have a problem with folks who have an extremely liberal political philosophy.............. but I can't understand how some folks justify their POV with an extremely liberal use of the truth & their perception of reality.......... regardless fo the facts :-|

OOF Ö¿Ö