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

To: TigerPaw who wrote (1268)	1/26/2002 9:21:44 PM
From: Mephisto	Read Replies (1) \| Respond to of 5185

When I first heard about the Enron investigations, the image of W that came to mind was that of The Organization Man, a man dedicated to the company and its interest because he profited because his last name was Bush. Of course, his image has changed because he is now President. At heart though, his convictions and the people in his life have revolved always around the Texas energy industries. JMOP

To: TigerPaw who wrote (1268)	1/26/2002 9:30:22 PM
From: Mephisto	Respond to of 5185

Arthur Andersen joined the other Big Five accounting firms in pushing a 1995 law that lowers the legal risks that accountants face for signing off on phony books. Having signed off on some of the biggest stretchers of recent history (Sunbeam and Waste Management), Arthur Andersen is a prime beneficiary of the Private Securities Litigation "Reform Act.1 The accounting profession has contributed more than $1.3 million to the gubernatorial and presidential campaigns of George W. Bush, who has made pro-business "tort reform" a centerpiece of his governing agenda. Texas accountants tried to pass a state law to shield their liability ......." TP, after reading a few of these articles, it is no wonder people are furious. As NYTimes columnist's Floyd Norris pointed out: people are angry at accountants these days. In the old days, they were after communists! I wonder how these hearings will turn out. So many people are involved that most of the members of congress should resign. And we are still not sure about the White House.