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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?


To: Mephisto who wrote (634)1/16/2002 3:27:06 PM
From: Mephisto  Read Replies (1) | Respond to of 5185
 
Scandal spreads to states

The political fallout from the scandal is also spreading to the state level. On
Sunday, a Palm Beach Post report revealed that Florida Gov. Jeb Bush, along
with scores of other Sunshine State elected officials on both sides of the aisle,
took campaign money from Enron.


Florida's state pension fund was a heavy investor in Enron stock; the company's
bankruptcy and share price meltdown cost the state more than $300 million, the
newspaper said.

And the U.K.-based Guardian newspaper reported that when George W. Bush
was governor of Texas, he made a call to then-Pennsylvania Gov. Tom Ridge at
Lay's behest. At the time, Enron was seeking entry into Pennsylvania's lucrative
power market.


cbs.marketwatch.com.