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


To: Thomas A Watson who wrote (224620)2/3/2002 1:15:21 PM
From: E. T.  Read Replies (3) | Respond to of 769667
 
Okay dearest Tom, why then is Cheney holding back on meeting transcripts where Enron participated? I mean, what is he hiding. I know... he is not hiding any thing because he is completely within his rights not to disclose what he, as a government official, says to a business executive in private. right.



To: Thomas A Watson who wrote (224620)2/3/2002 1:16:59 PM
From: E. T.  Read Replies (1) | Respond to of 769667
 
Criminal you say.....

Enron official seen facing criminal prosecution

webcenter.newssearch.netscape.com

An internal Enron Corp. report showing the company inflated profits while top employees raked in millions of dollars they should not have received puts some Enron executives in jeopardy of criminal prosecution, key members of the U.S. Congress said on Sunday.

"This is a devastating report. ... It suggests massive problems. This is almost a culture of corruption here," said Sen. Byron Dorgan, the North Dakota Democrat who chairs a Senate Commerce subcommittee that opens hearings on Monday on Enron's Dec. 2 filing of the biggest bankruptcy in U.S. history.

Speaking on NBC's "Meet the Press," Dorgan said whether criminal charges should be brought was a Justice Department decision, but "clearly some things have happened here that are going to put some people ... in real jeopardy."

Republican Rep. Billy Tauzin, chairman of the House Energy and Commerce Committee, said the report tracked his findings.

"Not only were there corrupt practices," he said. "Not only was there hiding of the fact that debt was being put off the balance sheets and profits that were reported that didn't exist, but we're finding more than that ... what may clearly end up being security fraud."

"Officers all the way to the board of directors have some responsibility," Tauzin said, adding the report even mentioned Ken Lay, the former Enron chairman, who is due to testify at the Senate subcommittee hearing on Monday.

Houston-based Enron, once the seventh-largest company in America, collapsed in a cloud of debt and questions about its finances and accounting practices. It is under investigation by nine congressional committees, the Justice and Labor departments and the Securities and Exchange Commission.

An Enron internal inquiry released on Saturday said the company inflated its profits by nearly $1 billion and top employees took in millions of dollars "they should never have received" through complex partnerships that played a major role in the company's collapse.

While the report's findings were called "extremely self-serving" by Andersen, the accounting firm that was Enron's auditor for nine years, its findings have already begun to provide fresh fodder for four days of congressional hearings beginning on Monday.

The report concluded that partnerships with names such as LJM1, LJM2 and Chewco were used to do deals meant to hide losses, fatten profits and enrich corporate executives at the former energy trading giant, which was President George W. Bush's biggest political contributor.



To: Thomas A Watson who wrote (224620)2/3/2002 1:18:17 PM
From: E. T.  Read Replies (3) | Respond to of 769667
 
Critics suspect that Cheney is stonewalling to conceal the Administration's links with bankrupt energy giant Enron. But Cheney may be hiding more than that. Several other energy companies had opportunities to influence the Administration's energy policy, with both persuasion and money.
time.com



To: Thomas A Watson who wrote (224620)2/3/2002 1:51:49 PM
From: Skeet Shipman  Read Replies (3) | Respond to of 769667
 
What is important about the nondisclosure of reports and advice on US Energy policy is much of this advice was probably erroneous and highly biased. Without being able to review the reports and advice no one can correct the misrepresentations. Bush's energy policy promotes objectives, which are equivalent to raising the cost of gasoline to $75 a gallon. Don't you want to know why he did it?