Posted on 01/10/2002 1:30:35 PM PST by Liz
WASHINGTON - "Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall." SNIP---
Enron had the best brains that money could buy, but gave the word "ethics" a whole new meaning. The cowboys of Dumpty Enron talked up a storm about ethics; but only a few at the top realized that "ethics" was an acronym for "Enron thinks how income can (be) stolen."
That's a stretch; but look at their 1994 sales team - Clinton, Gore and the late Ron Brown - a trio unlimited and uncontrolled in their cunning and greed.
In what seems to be eons ago, before Gov. Bill Clinton became president, the late, much loved and little lamented Ron Brown was Clinton's good friend and a power broker in the National Democratic Party. Ron Brown had a friend, a congressman from Houston, the late Mickey Leland, who died in 1989. Until his passing, Leland was a shining light in the Congressional Black Caucus and a dedicated socialist, who was one of the Institute for Policy Studies' delights.
From 1984, when Enron was conceived, Brown and Leland were there snapping up unconsidered trifles of money for use in their campaigns against the free market. Mickey was able to ease a lot of Enron's early problems through the Houston City Council by playing his "equal opportunity card." He had also become an African expert who initially took the Enron message to that continent, a chore that was taken on by Ron Brown, Clinton's secretary of commerce, before the latter met his untimely death in a highly controversial plane crash in Croatia. (Untimely, because had Secretary Brown lived, he would have faced multiple criminal indictments that could have precipitated an even earlier fall for Bill Clinton and his gang.)
Now we get to that old puzzle about chickens and eggs, and what came first! Ron Brown, Al Gore and Bill Clinton introduced Enron to market managers in Russia, China, Indonesia and India. In India, Enron quickly became involved in one of that country's most massive corruption investigations, contracts were canceled and Enron was out.
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.
And there was the Croatian caper. In the days when Franjo Tudjman was Croatia's dictator and pretending to be both a reformed communist and best friend of America in the Balkans, poor Franjo had a problem. He and some of his very best friends were wanted as war criminals by the Hague's International Court of Justice. Enron wanted a power contract with Croatia. Enron offered a deal to Tudjman. Sign up with us and we will use our gang in Washington to make sure you and your friends don't go to jail.
Tudjman signed. Enron made a heap of money. Nobody went to jail. Everyone was happy - until Tudjman died of cancer. Then the lid was off, his Croatian Democratic Union was defeated and the new boys in power in Zagreb could not believe how much of their budget went to pay the electricity bills from Enron.
Somebody - probably another Dr. Spock child eager to tell on his peers - prattled! Under quiet pressure from the Croats, another deal was made and a couple of guys were charged as war criminals. Electricity costs went down (but not to the consumers) and as a part of the deal nobody talked, except about the wonderful vacations that they were enjoying in the Caribbean.
This could be called a "cautionary tale." There are two cautions. The first: Beware of the Spock babies now that they are nearing retirement and losing whatever sense they had. The second: Investigators all, beware, as you look into the depths and shallows of Enron you may, if you are truly unlucky, find the truth. And, if you do, these truths won't make you free, just well informed.
"Dateline D.C." is written by a Washington, D.C.-based British journalist and political observer.
Already decided.....
"Already decided....."
"Why does everything that stinks have clinton's fingerprints on it?"
Perhaps you have already answered this one.They did it to cover themeselves, their padrones and to divert the trail, so to speak.Why not spend a little money here and there to destroy the scent on said money trail. Just a thought.
KHOU.com | News
... in New York. Attorney David Boies insisted that his client, Andrew Fastow, was
not running from investigators and was not planning to leave the country. ...
www.khou.com/news/ - 71k - Cached - Similar pages
Former Enron Cfo Andrew Fastow At News Conference In New ...
... Wednesday. The Securities and Exchange Commission said it brought a subpoena enforcement
action against Andrew Fastow, ousted as Enron CFO in October. REUTERS ...
uk.news.yahoo.com/011213/80/clf9g.html - 9k - Cached - Similar pages
Enron shares plunge on SEC inquiry
... Street Journal about transactions between Enron and two limited partnerships that
were run until recently by Enron's chief financial officer, Andrew Fastow. ...
www.usatoday.com/money/energy/2001-10-22-enron.htm - 22k - Cached - Similar pages
CFO Magazine - Wrong Numbers
... Wrong Numbers. Plus, how former CFO Andrew Fastow helped sink Enron; collaterized
debt obligations raise capital for junk-rated borrowers; and more. CFO Staff ...
www.cfo.com/magazinearticle/1,4598,0%7C83%7C6371,00.html - 54k - 09 Jan 2002 - Cached
Forbes.com: Faces In The News: Dec. 13, 2001
... two books after he leaves office. The elusive Andrew
Fastow. After going unseen and unheard from ...
www.forbes.com/business/people/2001/12/13/1213facesam2.html - 51k - Cached - Similar pages
Saw the pieces you posted....a lot out there on Fastow......
As Enron's ex-Chief Financial Officer, he's got a lot of explaining to do.
CFO Fastow? What was he thinking?
I have a feeling that, before this is over, the Dims are gonna be wishing they had left this little can of worms alone!
I was surprised that less than an hour later while I was listening to them on my way to work, Don Wade *read* the bulk of this article ON THE AIR.
Now, Don Wade is a staunch Conservative, hates Bill Clinton and the GLEE in his voice while reading this on he air was pretty apparent.
Thanks so much for posting this article. IT's a great weapon of information to get the truth out!!!
Be Ever Vigilant !!
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