Posted on 07/07/2004 1:07:00 PM PDT by OneTimeLurker
Ken Lay indicted.
AMEN!! I think that he is not doing it because the campaign staff does not want to do that and have the fact that there was an association with Bush - an association of course that was minor one that you would find between any gov and powerful company - an association that had no way to influence anything for Enron because Bush was the gov of Texas and the Feds under Clinton regulated the energy business - with all that said they would still tar Bush with Enron and Bush is thus gun shy.
It is sad that the truth can be twisted so much it loses meaning.
Last week, a female co-worker who I sometimes ride the bus with emailed me an anti-Bush email saying - among other things - that Bush was "protecting" Lay and other Enron executives. She got mad (and now refuses to talk to me)when I pointed that was a lie and that several Enron executives were already indicted. I'll resist the temptation to email her the news about Kenny Boy.
Looks like that call Robert Rubin made on Kenny's behave didn't help huh????
So will some alleged "conservatives" on FR, who constantly accused the Bush administration of letting the big fish go while concentrating on the little fish. Lay was a frequent example.
Not me ... I just emailed a whole bunch of my liberal friends :0)
Wasn't it the Clinton administration that helped Enron land a huge contract in India?
And according to the WP .. top enron executives were with Gore and Lieberman on election night in 2000
I am with you on the Martha whiners. I kept telling people that financial crimes are hard to investigate because there is such a huge paper trail to muddle through. I knew it would take a long time to "connect the dots". The feds do not want to blow this one.
Yep, but the "unbiased" mass media never mentions THAT.
yea- just my point is that because of that fear of being tared Bush does not take a more public approach to damning Enron and linking it properly to Clinton. So the Bush staff thinks the safer approach is to say nothing and let the system do the work. For the media of course Bush's silence means guilt and talking about Enron would mean even more guilt as they see it. Catch-22.
The Enron grand jury delivered a sealed indictment in court today, and lawyers close to the case believe it contains charges against ex-Chairman Ken Lay and that he will likely surrender Thursday.
The foreman of the specially-called grand jury told U.S. Magistrate Judge Mary Milloy that at least 16 members were present and at least 12 voted for the indictment.
Presenting the indictment with the foreman were Enron Task Force prosecutors John Hueston and John Hemann, who are working on the Lay investigation and have taken witnesses before the grand jury in the last few months.
Prosecutors have quizzed grand jury about Lay's receipt of warnings of financial trouble and fraud at the company within weeks of then-CEO Jeff Skilling's August 2001 departure; Lay's encouraging public statements to investors and analysts after Skilling quit; and his attempt to find an alternative to substantially writing down the "goodwill" price paid for assets.
Lay is likely to be charged with some type of fraud, possibly similar to the charges against Skilling and former Chief Accounting Officer Rick Causey.
They are charged with insider trading, securities fraud, wire fraud, conspiracy and lying on Enron financial statements. They are generally accused of manipulating earnings reports to hide Enron's failures from the investing public while reaping lucrative salaries, bonuses and other benefits.
Lay's defense attorney, Mike Ramsey, has insisted Lay is innocent and will not be indicted.
Several of the lawyers representing witnesses in the case speculate that rather than indict Lay separately, prosecutors will add Lay to the case against Skilling and Causey, meaning the three would be tried together.
The Enron grand jury was impaneled in March 2002 and prior to today had indicted 23 people on charges relating to the collapse on Enron. Those previously indicted by this group include bankers and 16 former Enron executives. Others have been charged and waived indictment.
what does IIRC mean again?
But facts don't back them up. Clinton was more close to Ken Lay than Bush. As president Clinton directed the CIA to do background research for Enron to support their bids for overseas contracts. Clinton had Keny Lay on his global warming/Kyoto protocol task force. Not coincidentally Lay and Enron were all for implementing Kyoto in that it would have brought them billions by via natural gas sales. Clinton used Ken Lay as private sector point man in his failed attempt to get fastrack approved.
It is all there. See Clinton Enron Nexus Clinton Administration Procured Credit for Enron, Used CIA as Resource for Enron , posted more than two years ago for info.
Yes, thank God. They should both be thrown under the jail for a long time. And all those that doubted Bush on this matter have egg on thier face. HAHAHA
I'm sure we won't hear much about the efforts of Bob Rubin to get the Bush Administration to call the dogs off of Enron either.
IIRC = If I Recall Correctly
It's too easy for the Dems to refute any attempt to link them to Lay. He has given so much more money to the RNC and Repub candidates than he has to Dems and the DNC that it would backfire. Better to just let it go.
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