MEMO DIRECTED ENRON AUDIT DOCS DESTROYED

Time via Drudge ^ | 1/13/02 | DANIEL KADLEC

[Brian Mosely]

Was a crime committed? And will it even matter to the mainstream media if it turns out not to be the case?

[The Old Hoosier]

There was definitely a crime -- insider trading by the Enron execs. But it has nothing to do with Bush or the admin. If they had intervened, then there would be a real scandal. But they didn't.

[Brian Mosely]

Exactly...but will the media drop this once they see Bush is clean...or will they continue to link ENRON's crimes to him...no matter what the evidence shows?

[vmatt]

If they had intervened, then there would be a real scandal. But they didn't.

If the government has knowledge that by law requires it to intervene and it instead looks the other way, would it then be a scandal?

[KevinDavis]

I don't think there is a law that allows the government to save a failing company.

[_Jim]

If the government has knowledge that by law requires it to intervene and it instead looks the other way, would it then

Whaaa?

In this case?

Don't think so.

What are you digging at?

[okie01]

"If the government has knowledge that by law requires it to intervene and it instead looks the other way,..."

What knowledge and what law, specifically, do you refer to?

[Ernest_at_the_Beach]

Democrats aren't going to let that stand in the way of a good campaign issue.

[Senator Pardek]

What a bunch of dummies - why didn't they destroy THAT memo?

[Wphile]

This is pathetic. Although they seem to exonerate Bush they don't provide the whole story. They claim Enron had significant influence on the Bush administration from the beginning. How about this?

Ken Lay was an advisor to the Clinton Administration on energy matters.

The Clinton administration pushed through deals in India and Mozambique on behalf of Enron.

Enron was a huge supporter of the Kyoto accord and lobbied hard for it.

The real canards in this are the stupid reporters and media folks. God, I hate the press.

[Go Gordon]

The accounting for a global trading company like Enron is mind-numbingly complex. But it's crucial to learning how the company fell so far so fast, taking with it the jobs and pension savings of thousands of workers and inflicting losses on millions of individual investors.

Seems pretty simple to me. They built their business around big donations to x42 and the Dems in return for US strong-arming other countries to award big $ contracts to Enron. When the Bush administration failed to continue the practice, the company had to win contracts on merit/price and failed miserably. The execs cooked the books to get out while the goin' was good, then left the employees twisting in the financial winds.

The Dems want to investigate? What a blatant bunch of morons. If the true story gets out, what the Dems are really implying is that the Bush administration should be blamed for not being corrupt. If that resonates with the public, folks, we're all in trouble.

[MinuteGal]

This article is so tilted, my monitor just crashed to the floor.

Leni

[Eric in the Ozarks]

What about Chrysler Corp ?

[FreePaul]

I would keep a copy of that memo (at home if need be)

I've never been involved in anything of the magnitude of the Enron fiasco but I've done just that. Fortunately I never needed them but it is comforting to know you have some protection. I seen others squirm waiting to see what would happen then their employers were conducting questionable operations.

[FreePaul]

I seen others

Correction, should have been "I've seen". Or maybe "I done seen".

[vmatt]

I don't think there is a law that allows the government to save a failing company.

No but it has. The government has no obligation to allow a company to operate criminally either, particularly the highly regulated energy sectors. This is at a minimum what happened IMO.