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---1. "The Enron story is about the spectacular failure of the deregulation nightmare unleashed on us by President Ronald Reagan and resurrected by George W. Bush. Enron was a product of deregulated Texas under then-Gov. Bush.The Enron story is about control of the government of the United States by the highest bidder. Ken Lay and Enron built Bush." Message 17247815 ***********************************************.......................***************************** 2. Friends in high places M " When George W Bush arrived in the White House, it was hardly surprising that he looked after Enron - the company had been looking after him for years. In the final extract of his book, Robert Bryce describes how the firm bought its way into Washington's corridors of power Message 18338095 ............................***************............................. -- 3. California Energy Crisis:" why did energy companies think they could get away with it? "One answer might be that the apparent malefactors are very big contributors to the Republican Party. Some analysts have suggested that energy companies felt free to manipulate markets because they believed they had bought protection from federal regulation - the conspiracy-minded point out that severe power shortages began just after the 2000 election, and ended when Democrats gained control of the Senate. " ----PAUL KRUGMAN See: Message 18044180 ..........................************.............................................. ---4. Examine the Cheney-Enron links Enron CEO Ken Lay arranged to meet with Vice President Dick Cheney, who cleared his calendar for an April 17 private meeting with Lay regarding "energy policy matters" and "the energy crisis in California." At the meeting, Lay handed Cheney a memo that read in part: "The administration should reject any attempt to re-regulate wholesale power markets by adopting price caps." The day after he met with Lay, Cheney gave a rare phone interview to the Los Angeles Times that had one recurrent theme: Price caps were out of the question.Dismissing the strategy as "short-term political relief for the politicians," Cheney bluntly declared, "I don't see that as a possibility." See: Message 17340611 --- Bush recently released documents about Cheney Energy Task Force The records made public Monday, under order of two federal judges, were heavily edited (in fact, some were blank), and the Energy Department is still withholding 2,600 documents totaling 15,000 pages. It's fair to surmise that the most embarrassing records are still under wraps -- among them those dealing with meetings between Mr. Cheney and Enron CEO Kenneth Lay." opinion: Message 17260130 Documents Show Energy Official Met Only With Industry Leaders Energy Secretary Spencer Abraham heard from more than 100 energy industry executives, trade association leaders and lobbyists, according to documents released by the Energy Department. Mr. Abraham did not meet with any representatives of environmental organizations or consumer groups, the documents show. " See: Message 17260370 ---On December 10, 2002 U.S. District Judge John Bates Judge Bates ruled that Cheney could keep secret the names of corporate advisors and lobbyists who advised Vice President Cheney' Energy Task Force for George W. Bush. (http://www.cnn.com/2002/ALLPOLITICS/12/09/cheney.energy/index.html) SI References: Message 18326205 GAO Denies Dropping Cheney Suit Due to Threats Message 18653472 Top G.O.P. Donors in Energy Industry Met Cheney Panel "Eighteen of the energy industry's TOP 25 financial contributors to the REPUBLICAN Party advised Vice President Dick Cheney's national energy task force last year, according to interviews and election records." New York Times Message 17136100 Message 17136107 .................**********.............. 5. THE SMOKING GUN: Bush-Lay Correspondence Reveals Close Relationship thesmokinggun.com 6. Anadarko Petroleum was the 14th biggest donor to the Republican Party. Cheney met with Anadarko. Also, Lynne Cheney received Anadarko stock worth stock worth $250,000 to $500,000, when Anadarko merged with Union Pacific. See New York Times article, Page 2 at Message 17136107 AND WPost story at Message 17132416 ..................**********......... 7. The Bushies, White House and Lay Friendship Message 16901215 Message 16992253 Message 17010648 --Bush, Enron Chief: A Long Alliance See: Message 17011236 -- Documents obtained by Public Citizen on Friday suggest as governor of Texas, President Bush helped promote Enron Corp.’s foreign and domestic business agenda on behalf of company CEO Kenneth Lay. Message 17076503 "Here's a letter from Kenny Boy to then Governor George planning the Central Asian pipeline. This was all part of the Taliban deal." prorev.com See: SI post at Message 17083752 -- October 1997, George W. Bush placed a call to his friend Tom Ridge, the Republican governor of Pennsylvania, to vouch for the Enron Corporation See: Message 16901358 ---Bye! Bye!! Hébert. Lay prefers Wood as top Energy Regulator in Washington See: Message 16901431 (LAY LETTER LINKED TO WOOD See: Message 17041423 (LAY WAS W's LARGEST CONTRIBUTOR. THREE OUT OF EVERY FOUR DOLLARS WENT TO REPUBLICANS. See: Message 17041439 AND "newly elected RNC Chairman Marc Racicot spent almost his entire first news conference explaining what he had done as an Enron lobbyist. Message 16956669 --- RALPH REED offers to help for $380,000 Message 17079291 ---Karl Rove, PresidentBush's top political adviser, recommended the Republican strategist RALPH REED to the Enron Corporation Message 17079431 ucomics.com 8.. What did the White House Know? BUSH DID TRY TO SAVE ENRON See: Message 17619654 LAY PHONES O'NEILL AND EVANS See: Message 16908929 9..Ashcroft [Excused] Himself From Enron Case Message 16892288 7. How Will the Public Perceive Auditors, Accountants and Stocks opinion:http://www.siliconinvestor.com/readmsg.aspx?msgid=16990876 opinion:http://www.siliconinvestor.com/readmsg.aspx?msgid=16985047 Message 17003293 10.. Enron: The plain person's guide see: Message 16987665. 11. Enron Spawns a New Lexicon Message 17011421 12. Chronology of Enron Corp. Thursday January 10 5:46 PM ET By The Associated Press, A chronology of Enron Corp.: July 1985 - Houston Natural Gas merges with InterNorth, a natural gas company based in Omaha, Neb., to form the modern-day Enron, an interstate and intrastate natural gas pipeline company with 37,000 miles of pipe. 1989 - Enron begins trading natural gas commodities. Over the years, the company becomes the largest natural gas merchant in North America and the United Kingdom. December 2000 - Enron announces that president and chief operating officer Jeffrey Skilling will take over as chief executive in February. Kenneth Lay will remain as chairman. Shares hit 52-week high of $84.87 on Dec. 28. August 2001 - Skilling resigns after running the company for just six months; Lay becomes CEO again. Oct. 15 - Lay talks to Commerce Secretary Don Evans while Evans is in Russia leading a trade mission. Commerce officials say the call dealt with an Enron energy project in India and did not cover Enron's financial troubles. Oct. 16 - Enron reports a $638 million third-quarter loss and discloses a $1.2 billion reduction in shareholder equity, partly related to partnerships run by chief financial officer Andrew Fastow. Oct. 22 - Enron acknowledges Securities and Exchange Commission inquiry into a possible conflict of interest related to the company's dealings with the partnerships. Oct. 24 - Enron ousts Fastow. ****** Oct. 28 - Lay talks by telephone with Treasury Secretary Paul O'Neill to inform O'Neill of the financial problems facing the company, according to O'Neill spokeswoman Michele Davis. Davis said the two also talked on Nov. 8. She said Treasury officials could detect no ripple effects in financial markets from Enron's troubles and O'Neill did nothing to help the company. Oct. 29 - Lay talks by telephone with Evans. A Commerce spokesman says Lay asked Evans if he could do anything to influence a decision by Moody's Investors Service to downgrade Enron's credit rating. Evans, after talking to the general counsel at the Commerce Department , determines it would not be appropriate to intervene in a decision by a private credit rating agency, according to Commerce spokesman Jim Dyke. Oct. 31 - Enron announces the SEC inquiry has been upgraded to a formal investigation. Nov. 8 - Enron files documents with SEC revising its financial statements for past five years to account for $586 million in losses. Nov. 9 - Dynegy Inc. announces an agreement to buy its much larger rival Enron for more than $8 billion in stock. Nov. 19 - Enron restates its third-quarter earnings and discloses it is trying to restructure a $690 million obligation that could come due Nov. 27. Nov. 20 - Concerns about Enron's ability to weather its spiraling financial problems send the company's stock down nearly 23 percent to its lowest level in nearly 10 years. Nov. 21 - Enron reaches agreement to extend $690 million debt payment. Nov. 26 - Enron shares fall 15 percent, to $4.01. Nov. 28 - Dynegy backs out of deal after Enron's credit rating is downgraded to junk bond status. Enron shares plunge below $1 amid the heaviest single-day trading volume ever for a NYSE or Nasdaq-listed stock. Dec. 2 - Enron files for Chapter 11 bankruptcy protection; sues Dynegy for wrongful termination of merger. Jan. 10, 2002 - Justice Department confirms it has begun a criminal investigation of Enron Corp. Company's auditor, Arthur Andersen LLP, says it destroyed some Enron documents. dailynews.yahoo.com | ||||||||||||||
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