(Clinton watch!) **Enron Reports Weren't Reviewed Fully by SEC for Several Years Before Collapse**

Wall Street Journal ^ | 18th January 2002 | Wall Street Journal-no attribution

[VRWC_minion]

Looks like the barrel to the big gun is turned back at the Rats.

[sidegunner]

Anyone else hear that whistling sound of a bomb falling on the 'RATS house?

[Wphile]

I read this too and laughed with glee. Indictments should be ordered for all the SEC commissioners at the time. Enron is another one of Clinton's disasters that has fallen in W's lap. During the Clinton years, everyone was just footloose and fancy free and no one was minding the store. Bush has a giant mess to clean up - regulatory, military, economically, financially, etc. Hope he can get it done in 7 years!

[steve50]

I just wonder if the gun is ever going to be pointed at Lay, or if the money to both sides made him bulletproof.

[backhoe]

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[Sgt_Schultze]

Maybe Will Pitt from DU started celebrating too soon.

[Eric in the Ozarks]

Unintended caroom shot, as they say in pool...

[randita]

Rep. John Dingell of Michigan, the ranking Democrat on the House Energy and Commerce Committee, recently asked the SEC in a letter how it failed "to require adequate disclosures over the years."

That's an easy one, Rep. Dingell. Clinton told them to lay off.

Of course, you're not going to find anyone to say that. If any are called to testify, we'll be treated to the habitual "I don't recall" or "it must have been a bureaucratic snafu".

Nonetheless, the question as to how the SEC failed to require adequate disclosures is a valid one and should be asked again and again, if only to drive home the absolute incompetence of the Clinton Administration.

[Mike Fieschko]

During the Clinton years, everyone was just footloose and fancy free and no one was minding the store.

The Nineties: the Decade of Greed.

[MamaLucci]

Gotta love it. This article makes me wonder why on earth the dems opened this can of worms.

[gaspar]

Laura S. Unger, SEC chairman from November 1997 until her resignation on October 9, 2001 was in over her head.

[aristeides]

Arthur Levitt was SEC Chairman at the time, wasn't he?

How come the www.sec.gov site only has pictures of three SEC commissioners, Chairman Pitt and two Clinton appointees? Has the Senate been blocking appointments to the SEC as well?

[MamaLucci]

One could almost believe that the democrat party, under cover of shooting for the Bush administration,
is REALLY trying to rid itself of it's clinton baggage.

[Lucky2]

Everything that is going wrong for our country at this time is the direct result of the Clintons and their "whatever" attitude. I hope the American public wakes up soon to the Clintons and the Rats that support them (especially in New York).

[Wphile]

I don't know who was chairman at the time but all were Clinton appointees. As for current members, I know that Pitt was confirmed (obviously, since he is chairman) but not sure about the others. It's entirely possible they are being blocked as well. Another poster says Unger resigned as Chairman in October of 2001. Interesting timing, eh? That may be one of the empty positions.

[gaspar]

To discern just what a mess the SEC has made of things check Commissioner Isaac C. Hunt's speech to the Practicing Law Institute, March 2, 2001. What is really scarey is the admission that foreign companies that float stock on the U.S. exchanges are not filing the required documentation.

[randita]

This article makes me wonder why on earth the dems opened this can of worms.

Good question. I can only speculate. First, I think the Democrats are getting extremely frustrated and angry at hitting brick walls every time the take on George Bush. He outwits and outmaneuvers them at every turn. It's doubly frustrating because they were convinced that Bush was a fumbling, bumbling idiot who barely knew enough to come inside when it was raining. When people are extremely frustrated and angry, they do stupid, desperate things.

Secondly, I think the Democrats are looking for anything to "pay back" the GOP for daring to impeach Clinton. It's not enough to bottle up Bush's agenda in the Senate, as Daschle is doing. They want a scandal they can use to bring down Bush. In their haste to tie Enron around Bush's neck, they neglected to consider the possibility that they would be unsuccessful in that endeavor, but instead might reap the unlikely consequences that they would be tieing Enron around their own necks. The presstitutes have been working 24/7 to help the Democrats in this regard, but so far, it's just not sticking and finally the presstitutes are reaching a crossroads. Do they want to continue beating on Enron even though deeper investigation is pointing clearly to improprieties in Clinton's dealings with Enron? Tough choice. Each Enron rock that is turned over seems to have a bunch of worms under it and the faces on lots of those worms are that of Clinton.

Feel free to add to my speculations.

[aristeides]

Isaac Hunt was appointed an SEC commissioner by Clinton in '96. He had been dean of the superleft Antioch School of Law in D.C. in the 1980's, before moving on to the University of Akron School of Law. I suspect he's highly radical.

And I had been right about Arthur Levitt being SEC Chairman when the events the article discusses happened. He resigned in early 2001, after having served as chairman for eight years, i.e., essentially the whole of the Clinton presidency.

[AD from SpringBay]

He he he he haw haw haw haw ho ho ho ho! I'm laughing so hard I could urinate.