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

To: Neeka who wrote (220021)	1/18/2002 10:40:55 PM
From: rich4eagle	Respond to of 769670

did you get my pm

To: Neeka who wrote (220021)	1/19/2002 1:10:52 AM
From: ThirdEye	Read Replies (2) \| Respond to of 769670

ANNALS OF ENRON An MWO Continuing Feature Republicans and their kept men and women in the media are still charging, predictably, that Clinton and the Democrats are responsible for the Enron disaster. This takes gall, given the record. A little outline of which follows: A (Very) Brief History of How the Clinton Administration and Democrats Tried to Prevent the Enron Disaster from Happening -- But Got Defeated by the Republicans 1997: President Clinton's chair of the Commodity Futures Trading Commission (CFTC) Chair Brooksley Born proposes greater regulation of energy derivates by way of more stringent disclosure. Her proposal is beaten back by House Republicans, including then-House Banking Committee Chair Jim Leach (R-IA) who scolds Born for two hours at a hearing. Energy derivatives were the key instrument with which Enron Corporation was building its trading empire. Four years earlier, the outgoing chair of the CFTC, a gung-ho de-regulator, pushed through a special lucrative exemption for the Enron Corporation. A few days later, she was appointed to the Enron board of directors. Her name: Wendy Gramm, wife of Republican Senator Phil Gramm of Texas. 1997: Sen. Barbara Boxer (D-CA) proposes banning investment of more than 10 percent of the total 401(k) plan in the employer's stock --the maximum that investment experts recommend a person sink into any one company. (If enacted, Boxer's proposal would have saved thousands of Enron's employees from their current dismal fate.) The GOP Senate declines to pass her bill. 1998-2000: Clinton Securities and Exchange Commission Chair Arthur Levitt proposes regulations to prohibit accounting firms from simultaneously serving as consultants and auditors. Arthur Andersen LLB and other giant accounting firms mount a massive lobbying campaign against the Clinton-Levitt regs, killing them. The lead lobbyist for the accounting firms is Harvey Pitt. Whoops:Harvey Pitt was later appointed Chairman of the SEC by GWB 1999-2000: Clinton Treasury Secretary Larry Summers proposes a crackdown on tax havens such as those used by Enron. His proposals are opposed and defeated by the GOP Congress. Later Bush Treasury Secretary Paul O'Neill opposes efforts by the Organization for Economic Cooperation and Development (OECD) to protect investors from tax havens. Now see:http://www.siliconinvestor.com/readmsg.aspx?msgid=16932812