Enron

It looks like the Bush administration has a Whitewater on its hands. Only the alleged fraud involves 5,000 times the amount of money.Several individuals employed by the Whitehouse may have profitted. Tsk, Tsk. I thought he promised to restore honor to 1600 Pennsylvania Ave. It didn't take long, did it.

The Enron debacle won't be President Bush's Whitewater. It will be much worse.

FRONT PAGE NEWS

Unlike the financial sideshow over a 20-year-old failed land deal that dogged the Clinton administration, the collapse of the nation's largest energy trader into the nation's largest bankruptcy last month is set to go straight to the heart of exposing what is wrong with the way the Bush administration is conducting itself these days.


Once a buyer for Enron's (ENE: news, chart, profile) energy-trading business is announced Thursday in New York, this story is going to shift in dramatic fashion to Washington, D.C., where there are already eight separate congressional probes into the collapse, one Justice Department investigation and scores of unanswered questions. Many of them concern the White House.

Get this,


WASHINGTON- The firm that audited the books of collapsed Enron Corp., Arthur Andersen LLP, disclosed Thursday that a "significant but undetermined" number of documents related to the company had been destroyed.


Federal law enforcement agencies and congressional investigators are seeking the documents as part of their inquiries into the failure of the giant energy-trading company, which left countless investors burned and employees out of work with billions of dollars of losses in their Enron-heavy retirement accounts.


The Big Five accounting firm said in a statement that in recent months, electronic files and other documents related to its auditing of Enron had been destroyed or deleted.


Chicago-based Andersen said its company policy "required in certain circumstances the destruction of certain types of documents."

Yeah, like the files that indicate that Cheney, Karl Rove, Phil Graham, and other Bush officials openly knew about the coming bankruptcy, and sold their stock with inside information. That might be a circumstance.

There may be a smoking gun here but it is yet to come out. So far, all of the Whitehouse staff and cabinet that sold their Enron shares were instructed to so in order to avoid conflict of interest issues once Bush WON the election. That Bush would associate with a scumbag like the CEO of Enron only shows that he is a poor judge of character. It would be a travesty if the Enron CEO and CFO didn't go to jail for how badly they screwed Enron employees.

surely the millions received by the management services branch of that CPA firm couldn't influence the audits.....or could it?


if they did not help with the phoney numbers, they sure helped by not disclosing them....that's what they are for! CPA CPA, the middle word is Public, and they have a responsibility to see that the numbers which are made public are TRUE!


if they were not "in on it", then that makes no difference..if it was honest on their part..it was a major FAILURE. Either way, they share big part of blame, and should suffer.

Not only associate, but take advise from. The administration also protected unethical practices last summer by Enron in the fake California energy crisis. This demonstrates clearly the ethical standard of the Bush Whitehouse. It is 5000 times worse than the Clinton Whitehouse. Where is Rounder?Where are all the honest Republicans? Where is the outrage?

Hey Darkstar - Are you a Grateful Deadhead?