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

To: DuckTapeSunroof who wrote (225849)2/6/2002 5:49:03 PM
From: Zoltan!  Respond to of 769669
 
"In an unheralded five-paragraph order in March 1997, the S.E.C. official, Barry P. Barbash, gave Enron's foreign operations a broad exemption from the law — the Investment Company Act of 1940."
nytimes.com

That Levitt appearance - the accounting ruse - is an obvious diversion.

I suspect Levitt is the key witness - his SEC and its Enron dealings - will be on trial.



To: DuckTapeSunroof who wrote (225849)2/6/2002 6:07:53 PM
From: Zoltan!  Read Replies (1) | Respond to of 769669
 
Arthur Levitt, who was the chairman of the S.E.C. when the 1997 exemption was granted, said today that he had no recollection of it. But he said it could be a potentially significant part of the agency's role in failing to oversee Enron.

Sounds like Levitt has already decided on his defense - "no recollection".


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