Enron is not Bush's Whitewater: It's Worse

CBS Marketwatch ^ | 1/10/02 | David Callaway

[Dog Gone]

You are an idiot. You have no idea how an Audit Committee is required to operate under SEC for public companies like Enron.

Well, I work for an energy company equivalent to what Enron was, and I have for over 20 years. I'm also an attorney. If you're saying I don't know how it really works, and that you in your pathetic liberal ivory tower knows better, then I'll defer to you, because I don't need to get into an insult match with a dopehead.

[Dog Gone]

I'll add one bit of clarification. My company is equivalent in size to what Enron was. We are not engaged in the same activities as they were.

However, I am quite familiar with Enron and I am quite familiar with the roles of the Directors.

You are the one without a clue.

[Dog Gone]

On the other hand, I bet you delete files every day that would put you or someone in jail, pursuant to your company's "Document Retention Policy."

LOL. Sure.

[Dog Gone]

Oh, and your claim to be a conservative?

We're not nearly as stupid as you think we are.

[Sueann]

"not a shred of evidence"

The article was totally amazing! I was expecting to read some awful stuff, and all it was was supposition, inuendo, wishful thinking and nothing else. THEY DON'T HAVE ANYTHING AND THEY KNOW IT. Why do you think Lanny Davis is now telling the dems to let go of it?? The reason is x42's fingerprints, along with Ron Brown and the Clinton admin., are all over it and it will be much worse for the dems than it will be for the repubs.

[sinkspur]

The case is so clear that a judge is close to ordering a prejudgement asset seizure for the first time for a civil plaintiff against Gramm

Care to back that up? Whose assets will be seized?

Well then, what did she do to earn $400,000?

It is common practice for members of the Board to be paid handsomely for two or three meetings per year.

You're also ignorant about the workings of a corporation. The Board is never held legally responsible for wrongdoings by the CEO, the CFO and Operations Executives.

Under the mail fraud and wire fraud statutes it is a scheme to get paid for not doing work.

Wendy Gramm performed her duties as a Board member according to her contract.

[timestax]

I think the Demoncraps are involved more deeply then the Repubs.

[sinkspur]

The news articles about the Court order on asset seizure were posted on this list yesterday.

You made the accusation, you re-post it.

I'm not going to do your work for you. Otherwise, I'll just assume you made that little tidbit up.

Directors do go to prison for conspiring with CEO's. I have seen such cases with my own eyes. It happened a lot during the S&L crisis.

Maybe you'd like to back that up too.

We don't take anybody's "word" around here, pal. You make an assertion, you back it up, or it's bogus.

[Nix 2]

That was Jeep and me. But let me give you another take on this. Archives aplenty on this.
ENRON thought they had the WhiteHouse by the proverbials. They knew they were in deep trouble and expected the Bush White House to help them get a bailout from Congress rather than allow so many people to lose so much money ala the airline bailout. They ASKED and were given a flat NO.
Bush did the right thing. And this WILL come out no matter how it looks now.

[deport]

Interesting ... $400,000 in two years from the Board of Enron.

Enron's BOD met nine times in 2000 with the members receiving $79,000 each in cash and stocks.... things must have been better in 1996/8.

[daler]

So true.

I've seen more "mainstream" coverage of the Bush "scandal" in one day than I saw coverage of BC's rape of Juanita Broaddrick over a three-year period.

Brace yourselves...

[TLBSHOW]

Lanny J. Davis, who counseled the Clinton White House on scandal management, warned Democrats against overreaching. "I don't think there's any shred of evidence that the White House has any connection to what went wrong with Enron," Davis said. "Democrats should not go down the road of focusing on innuendo."

http://www.washingtonpost.com/wp-dyn/articles/A28593-2002Jan10.html

THE SMEAR OF BUSH BY PEOPLE LIKE YOU CRAB ASS

[deport]

Ahhhhh. So she sold stock that had appreciated in value most likely over when it was issued to her. So she got appreciation value on it over an above the issue value...

[nunya bidness]

Back it up with sourced facts and stand back.

Nuts and sluts usually doesn't work here but you never know.

Good luck.

[sinkspur]

Gramm made $275,000 in sale of stock options in November 1998, less than 2 years after going on board

Interesting that she sold when the stock was at $45, and just before her husband assumed the chairmanship of the Banking Committee to avoid a conflict of interest.

She could have doubled her money if she'd held on.