SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: rich4eagle who wrote (221981)1/25/2002 12:24:57 AM
From: RON BL  Respond to of 769669
 
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.



To: rich4eagle who wrote (221981)1/25/2002 7:08:07 PM
From: Ann Corrigan  Read Replies (2) | Respond to of 769669
 
What are you trying to do insure the right wing slant is given on the Enron thing. It
would be nice if you wanted the truth instead of a political spin
********************************************************

No, just insure that a balanced view is given on Enron......that will eventually lead to the truth.

BTW, during the Whitewater investigations, I defended both Mr & Mrs Clinton. Just as there is an attempt right now by Pres. Bush's political enemies to involve him in the Enron disaster, I felt that Pres. Clinton's political enemies were using that event for the very same purpose. That's american politics today and it stinks on both sides.