(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

[Sueann]

"regulator gave Enron waivers from two regulations that would have triggered extensive financial disclosures"

Hmmmmm?? And ... what were they afraid would be disclosed? Besides all their phoney companies, were they trying to hide the money they were giving to Clinton (aside from the regular donations which are on the books)???

[CT]

"They want a scandal they can use to bring down Bush."

These are the same people that denied, ignored, and just plain stone-walled all the massive evidence - in so many areas - regarding the Clintons and their combination crime-treason machine.

Now, it is as though the scales of vision - moral and ethical blinders, so to speak - have fallen from their eyes. They seek something that so far is just not there. And in fact, in doing so, the true corruption of the last eight years quickly comes back into view, for all to see.

I love the smell of burnt liberals in the morning!

[SmartBlonde]

Everything you said, plus a couple of other ideas.

The Energy issue is boiling hot in DC. The 'Cheney Task Force' was a target from day one - because it was secret. The Dems vociferously protested, saying Reps were equally furious about Hillary's Health Care Task Force. They refuse to understand the objection: HILLARY WAS NOT ELECTED!

If you remember, during the run-up to the election, the 'BIG OIL' and ANWAR issues were front and center of the argument by the Dems - Bush would poison the environment, destroy the pristine Alaskan wilderness, etc. Bush won the election and that took the wind out of their sails until the energy bill started to percolate.

All of this served to produce a result little noticed by the Dems and the press at the time: the public is not surprised at the connection between Bush/Cheney and energy. Bush was talking up policies that would benefit Enron and others more than 2 years ago.

[isthisnickcool]

Same thing happened with a lot of the dot.com garbage companies. But besides the SEC, the stock exchanges were just as culpable. By having rules that allowed trash on their exchanges. Especially the NADAQ. Trash, that had very questionable assets or had other "things" leveraged to the point that the company had "value". And in many circumstances the exchanges were slow to remove some of these dogs.

Enron is a drop in the bucket compared to the amounts of money private placement investors and equity investors lost in the dot.com farce. But it was great for the shorts. I'd like to see how much money the big brokerage firms racked in pumping and dumping. 100's of billions, if not trillions of dollars.

It was insane and the Clinton administration turned a blind eye. And why not? Easy way to rake in dough than cattle futures or flipping properties. Even better than fleecing the tobacco companies.

The accounting rules for companies to go public need to be looked at, as well as those for staying public. And companies should have to provide this data on time! Plus, their should be D&O insurance requirements based on the companies value. The more the company is worth the more insurance the D&O's should have. I'm not exactly sure what changes need to be made to insider trading.

[MizSterious]

Great find! Thanks for posting it!

[MizSterious]

Great analysis. It looked like a Clinton op from the first, and it's good to see it being proven--even though no one in the media really wants to go down that road.

[Roger_W_Isom]

Bring in the top HONCHOS over at GOLDMAN and SACHS too Because THEY ARE IMPLICATED in this Fiasco as WELL!!! For KRugman bragged about them SEE ANDREW SULLIVAN.Com Article About Krugman's SMOKING GUN!!!

[Roger_W_Isom]

OBVIOUSLY they WEREN'T listening to HILDABEAST!!! Or PERHAPS THEY WERE????? ROFLMAO Hillary IS NOW DOA As a POLITICAL FORCE!!!!:-))))

[Roger_W_Isom]

UNGER is going to get SUED because of this MESS over at ENRON!!!!

[JulieRNR21]

[The Old Hoosier]

The Bush Admin should be actively releasing every piece of paper at the SEC that has anything to do with Enron from 1992 onward. Then you'll see this kind of story popping up in the Washington Post and all the local papers.

[randita]

Bush was talking up policies that would benefit Enron and others more than 2 years ago.

Perhaps so, but 2 years ago, he wasn't in a position to do anything about it, nor has he done anything about it since he's been president, unless you want to claim that provisions in the energy bill would benefit Enron--but they'd probably benefit other energy companies as well--not solely Enron.

What is quickly coming to the fore is that the Clinton Administration gave all kinds of help to Enron--trade junkets, India plant, possibly asking the SEC to waive filing requirements for Enron's operations.

I just don't think there's a there there. What the Democrats are accusing Bush of, he didn't do--but Clinton did.

[kassie]

As long as the economy was good, and clintoon's cronies made money, no one cared. They just turned a blind eye to anything and everything the thug in the WH did. Now that he's not there and his boy algore is not there to help out and cover up, it's all coming out!!