The ENRON SCANDAL THAT NEVER WAS

1 FELLOW FREEPER ^ | 1/11/2002 | 1 FELLOW FREEPER

[1 FELLOW FREEPER]

All this hullabaloo about an Enron scandal in the Bush White House has got to be the DUMBEST thing I have read in my 47 years on earth. I am an investor in the stock market who reads and watches every worthwhils bit of information every day on the market. I am here to tell you that not one reputable Wall Street analyst was aware of Enron's real troubles.It is at least ostensible that Enron "cooked the books", and now the corporate accountants have admitted to shredding many documents. Now, if not one person on Wall Street knew anything , how in the name of God was President Bush expected to know anything about this?

[Jolly Green]

Now, now, now!!! Let's not confuse people with facts and common sense.

[Pete]

Someone needs to ask Leiberman if he has had any conversations with Citigroup. Citigroup has been Leiberman's biggest contributor in recent years and also just happens to be Enron's largest unsecured creditor to the tune of $3 billion (with a B) dollars.

So, Leiberman is investigating a company who owes his biggest contributor $3 billion. Now that stinks.

[anniegetyourgun]

Watch out for today's lib/dem disruptor who is gravitating to this subject because he/she thinks there is blood in the water. Name: midge

[Dog Gone]

Now, if not one person on Wall Street knew anything , how in the name of God was President Bush expected to know anything about this?

Because Henry Waxman is troubled, troubled by all this!

[1 FELLOW FREEPER]

No problem, as there is no there,there.

[Sgt_Schultze]

Wow! Good catch Pete.

[ken5050]

"A reputable Wall Street analyst" is an oxymoron....

Several analysts had recommended SHORTIN Enron's stock early last year,when the stock was in the 60's.....It was a classic momentum bubble, it had to go up, because it did....Enron admitted it was a trading company, yet it spoted a p/e that was 3X that of Goldman Sachs, for example..and the auditor, Anderson.....well, they signed off on outright financial fraud, the most basic stuff.....Look, Enron would take an asset it owned on the books for say, $10 million, assign it to one of these private partnerships, with a value of $110 MILLION at the time of transfer, and book $100 million profit.......and the auditors let it fly....Anderson will be finished very soon, and there will be criminal proceedings and jail time for many of the Enron executives and Anderson partners...

[My2Cents]

Even Mara Liason (sp?), one of the "All Stars" on Britt Hume's program, stated last night on Fox that this so-called "scandal" will amount to nothing. Clearly, she wants no part of the witch-hunt which will most assuredly prove to be nothing but hystical wishful thinking on the part of the left.

As Fred Barnes stated on the same show, how exactly has the Bush White House helped or cut a break for Enron? How can Bush be accused of granting them unethical or illegal favors when he's stood by and let them crater into bankruptcy?

[Pete]

Wow! Good catch Pete.

Thanks. I find the New York bank side of this story to be the interesting part and the one to watch going forward. Unfortunately, it has been completely ignored in the press.

[Peach]

On Fox News last night in the 6:00 hour, Fred Barnes detailed several companies that Clinton bailed out, appropriately so according to Barnes. Can you imagine the fall-out if President Bush had bailed out Enron? This is a non-story that's being whipped into a fury by the lamestream press because they can't stand that a Republican President has such high approval ratings.

[First_Salute]

Nice catch.

[1 FELLOW FREEPER]

The REAL irony to this boondoggle could be that Clinton WOULD take from Enron executives(heck, he took from everyone else)and this whole deal could backfire on the Dems big time.

[My2Cents]

Of course, the left's thinking goes like this: Bush is pro-business; Enron is a business; ergo, Bush is complicit in Enron's demise.

[1 FELLOW FREEPER]

You are correct on all counts.

[Howlin]

Indexing

[1 FELLOW FREEPER]

""Can you imagine the fall-out if President Bush had bailed out Enron""

Can you imagine if we learn that only Clinton "TOOK" from Enron

[Dog Gone]

The Bush Administration did Enron no favors. They even imposed Federal price controls on electricity in California, which Enron opposed.

I wonder why the press never mentions that!

[Pete]

Just breaking:

The Associated Press
Friday, January 11, 2002; 12:14 PM

WASHINGTON – Enron asked top Treasury official to intervene with bankers as it negotiated credit extension.
----------------------------------------------------

Which banks, I wonder? It's ALL about the banks. I wonder if Leiberman is starting to get nervous.