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


To: Gordon A. Langston who wrote (221910)1/24/2002 7:40:05 PM
From: Thomas A Watson  Read Replies (1) | Respond to of 769670
 
I wonder how much this will be covered in the main stream press. duuuhhhhhh mr. bill and his folks doing the double jointed dance with the rules.......

Clinton's S.E.C. Enabled Enron Fiasco
Turns out that Bill Clinton's sorry tenure may very well have directly enabled the Enron fiasco.

NewsMax columnist and former Congressman Dan Frisa reports that when the Republican-controlled Congress turned down Enron's insistence on an exemption to the Investment Company Act of 1940 amendments passed in 1996, Enron went to the Clinton administration for "administrative relief."

Frisa served on the powerful House Commerce committee at the time and was integrally involved in the drafting and passage of the reform legislation, as a co-sponsor of the law.

Recalling at the time that these requests from Enron seemed odd, Frisa said they were dismissed by the committee and not included in the bill.

Enron then moved its lobbying efforts over to the Clinton Securities and Exchange Commission, where it was promptly granted exemptions from the laws protecting investors from the very abuses its executives later commited!

Far from either a Bush or Republican scandal, the Democrats are once again instead finding their own fingerprints on this latest abuse of power, despite their best efforts to manufacture a problem for the President and his party.
newsmax.com
tom watson tosiwmee



To: Gordon A. Langston who wrote (221910)1/24/2002 8:10:42 PM
From: gao seng  Respond to of 769670
 
Really. Wow. I hope Columbia gets shut down over this.