[Praxeologue]

"worth with" = "work with"

This, I believe, was a deliberate spelling error to cover a prominent Democrat, Rubin.

[boomop1]

As Waxman would say about clintoon "SO WHAT".

[Red Jones]

we see that Senator Gramm had a reason for resigning a few weeks ago. His wife is less of a target for prosecution when he is not in politics.

The federal government sued 20,000 people who merely sat on the Board of Directors of S&L's that went bankrupt over 10 years ago. One fellow was in a coma on the day that a decision was made that he was later sued for after he came out of the coma. Why should Phil Gramm's wife be spared.

It was papa Bush in charge when they decided to sue those 20,000 people. No Republican should be spared here. The government should prosecute regardless of the circumstances because that is the standard used against all who sat on the Boards for the S&L's of yesteryear.

[Dog]

Any idea who else got a subpoena??

Rubin???

Clinton...Hill and Bill???

[VRWC_minion]

Citigroup is largest unsecured creditor of Enron and stands to loose 3 billion dollars. How come no one is tracing Citigroups contributions and asking why ?

[Libertina]

The article doesn't seem to mention all the dems who also received money, but it will all come out. Regarding some current pols who divested of all stock before taking ofice, I believe they did so due to "ethics." Otherwise they are accused of having "ties to big______ (fill in the blank.) If Arthur Anderson is involved in this, (and it seems they were since staff destroyed documents) I think it is likely that the bad financials were a tightly controlled secret.

HOWEVER, anyone, that includes Rs, who was involved in the bilking of the Enron shareholders should be tried. This is the kind of bs that gives "business" such a bad name and is so harmful. I agree with others that say this is a can of worms; with very long reaches. For both parties.

I don't see anything to tie to the White House though, and I'm glad there will be investigations.

[VA Advogado]

Where is Klayman when you need him?

[bayourod]

Wendy Gramm is one of the kindest, most intelligent women you could ever meet. I find it difficult to believe that she was aware of any illegal activities.

[Rowdee]

..."Gramm's spokesman, Larry Neal, declined comment on the subpoenas, but said Enron had nothing to do with Gramm's decision not to seek another term"....

Why does this have such a hollow ring? Too bad, Phil....

I doubt much will be made or said abouat Rubin's part....last I heard was his name being put forth as the next head of the Fed.

[Doctor Raoul]

Can't wait for the images of Waxman trying to beat up a woman. Of course the NOW feminists will be there giving him hints on how to throw a punch.

[usconservative]

Wendy Gramm has been a member of Enron's board of directors for eight years and of the crucial Audit and Compliance Committee as the giant company's financial condition was deteriorating.

I said last night during my "daily rant" on Paltalk that when the ENRON fiasco was over, some pre-determined politicians would "retire to spend more time with their families" and that they would be the "scapegoats" for the Enron fiasco.

It didn't take long for those comments to be proven right.

Looks like Sen. Phil Gramm will be the first victim, because of his wife's position with ENRON.

More to come folks! But they ain't all gonna be Pubbies. There's a whole lotta Democrats who are about to go into a world of hurt over this one too!

[Salvation]

I can't wait until "Linda Daschle" get a subpeona about the airlines!

[Chi-townChief]

So does this mean that we can now criticize the DemoRats for "attacking a minority female" (Mrs. Gramm.)
I would think that the National Organization of Women would want to take these DemoRats to task for attempting such a thing.
Maybe we can bring former Congressperson Patsy Schroeder out of retirement to lead a march on the Senate just like she did during the Clarence Thomas confirmation hearings!

[Nebullis]

From the WSJ:

The top recipients in the Senate are from Texas, where Enron is based. Republican Sen. Kay Bailey Hutchison topped the list receiving $99,500 over the period. Sen. Phil Gramm was second, with $97,350.

Sen. Conrad Burns, (R., Mont.), accepted $23,200 during the period and Sen. Charles Schumer, (D., N.Y.), who sits on two committees planning hearings on the collapse of Enron, accepted almost $23,000 in contributions, according to the report.

Of the 10 House members who received the most money from Enron, six were Democrats and most were from Texas. The top recipients were both Democrats, Rep. Ken Bentsen, with $42,750, and Rep. Sheila Jackson Lee, with $38,000.

Rep. Joe L. Barton, (R., Texas), got $28,909, and fellow Texas Republican Rep. Tom DeLay got $28,900. Rep. John Dingell, (D., Mich.), was 10th on the list, receiving $9,000. Mr. Dingell is the ranking Democrat on the House Energy and Commerce Committee, a panel with jurisdiction over the Enron case.

[Free Vulcan]

I just want the truth out, and if there was wrongdoing, then it should be prosecuted on both sides of the aisle. But by God if the Republicans are deep in this, then the Democrats are twice so. If some Reps go down, then alot of Dems better too.

[Gordian Blade]

I'm sorry that innocent people have lost a big chunk of retirement money, but they themselves chose to put all their eggs in one basket. Enron (some combination of high-level people in charge there) bet the farm that energy prices would continue to climb so that they could cover their huge debt. In fact, Enron was trying to corner a major part of the market. If they had succeeded, a lot of people would be paying higher energy prices. The employees with their 401K's 100% in Enron stock would have retired as millionaires and not shed one collective tear for other people paying higher energy costs. They gambled and lost. Therefore, my sympathy for them is limited.

[rwfromkansas]

bump...and what the heck does "worth with" mean?

[Lessismore]

According to "Directors' 'cronyism' weakens oversight"

"Enron gave seven of its 14 directors consulting contracts, sales to their business or donations to their nonprofit institutions, according to company and public records. The recipients include three members of Enron's audit committee, which is responsible for financial oversight.

Lord John Wakeham, a former leader of the British House of Commons, sits on the audit committee. Enron gave him a $72,000-a-year consulting contract. John Mendelsohn, president of the M.D. Anderson Cancer Center in Houston, is also on the audit committee. In the past five years, Enron and Chairman Kenneth Lay have donated $567,900 to the cancer center."

...

"Wendy Gramm, 56, has held positions at the Federal Trade Commission and the U.S. Office of Management and Budget and was chairwoman of the U.S. Commodity Futures Trading Commission. She is director of regulatory studies at the Mercatus Center of George Mason University in Fairfax, Va. She is married to Sen. Phil Gramm, R-Texas. In the past three years, Enron and the Ken and Linda Lay Family Foundation have donated more than $50,000 to the university and the Mercatus Center, according to university records."

[Lessismore]

According to "Why Enron: How could it all go wrong so fast?"

"The board's audit committee was headed by Robert Jaedicke, a professor emeritus of accounting from Stanford University's Graduate School of Business."

This was written December 2, 2001. Does anyone know when Wendy Gramm replaced Jaedicke as head of the audit committee?

[YaYa123]

""He outlined in detail in his retirement announcement his reasons for leaving, and those were his only reasons," Neal said."

Sorry...as much as I like Senator Gramm, I'm not buying this.