Clinton-Gore sales team eased Enron's path to success

This week, this old nursery rhyme has taken control of this column. From Washington to Pittsburgh by way of New York City and Los Angeles with important detours to China, Japan, India, Mozambique, Croatia, England, Germany and elsewhere in the world, we have been watching and reading about the great fall of Enron.

This most excellent catch deserves more attention:

".....On the other hand, Enron introduced the Clinton team to Lippo Industries and thence to China's People's Liberation Army (a wonderful source of political cash), to John Huang, another good provider and to nameless, numberless Arabs who never arrived with empty pockets.

If we look at a list of those attending coffee klatches at the White House, we can learn why a storm of doubtful deals enabled Enron to quickly control one-quarter of the world's electricity and natural gas. But, that wasn't enough. The ever-so-greedy Dumpty moved in to water deals in Massachusetts and Europe, paper mills in Canada, gas pipe lines throughout the world, fiber optics, television, mutual funds and information gathering. In turn, that led to risk analysis, a name that those clever Texans quickly changed to "reward realization!"

The rewards were good! Enron, with sales assistance from Tony Lake, then Clinton's national security adviser, persuaded the impoverished, war-torn country of Mozambique to sign a $770 million electric power contract. Mozambique signed because Tony's salesmanship was persuasive. If the Mozambicans didn't sign, he indicated that their congressionally approved $44 million U.S. aid payment would never be made....."

Just a part of the article..I hope folks will read it all. Thanks, ElkGroveDan!!

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