Sen. Gramm's wife gets Enron subpoena

UPI ^ | Published 1/12/2002 8:20 AM | By Mark Benjamin and Nicholas M. Horrock

[Rodney King]

So even if she had nothing to do with this and had no knowledge of what was going on she should be prosecuted?

No. But, It was her job to know what was going on. People treat directorships as plum prestige assignments when in reality they have an important role to fulfill overseeing managment on behalf of the shareholders. Simple ignorance may be enough to avoid prosecution but it should not be enough to protect her from shareholder lawsuits.

[Dane]

Ten years ago there were 20,000 Americans in a similar situation and they were prosecuted by President Bush.

You keep saying that and yet provide no proof?

[Bad~Rodeo]

Daschle is PISSED because G'Dub has Snubbed Enron, Hmmmmm,,,wonder why.

[Doctor Raoul]

Can't wait for the images of Waxman trying to beat up a woman. Of course the NOW feminists will be there giving him hints on how to throw a punch.

[Rowdee]

Cause they haven't bellied up causing employees to lose their lifes' savings or stockholders their investments?

[Doctor Raoul]

Do you have a source for your allegations other than Mother Jones magazine?

Just the high fives from the other members of his liberal democrat socialist neo-communist cell.

[usconservative]

Wendy Gramm has been a member of Enron's board of directors for eight years and of the crucial Audit and Compliance Committee as the giant company's financial condition was deteriorating.

I said last night during my "daily rant" on Paltalk that when the ENRON fiasco was over, some pre-determined politicians would "retire to spend more time with their families" and that they would be the "scapegoats" for the Enron fiasco.

It didn't take long for those comments to be proven right.

Looks like Sen. Phil Gramm will be the first victim, because of his wife's position with ENRON.

More to come folks! But they ain't all gonna be Pubbies. There's a whole lotta Democrats who are about to go into a world of hurt over this one too!

[Rowdee]

Isn't Wendy an economist by trade like Phil?

[mwl1]

Senator and Mrs. Gramm are superb, honest public servants. There is nothing here except spite, because the RATs want to keep the president from firing that incompetent bafoon Treasury Secretary Paul O'Neill and replacing him with Phil Gramm.

[jf55510]

I think that any wrong doing should be prosecuted. But just because President Bush did something 10 years ago, that does not mean that his son has to follow. The difference between the S&L's and Enron is that the public bailed out the S&L's but they did not bail out Enron. We(as a people) are not worse off because of this collapse and there will be no billion dollar bail out of Enron. I feel for the people that lost their savings but they should have known to diversify their 401k and they will get some recourse through lawsuit. But the government should not go balls to the wall and start sueing people.

[Salvation]

I can't wait until "Linda Daschle" get a subpeona about the airlines!

[Red Jones]

excuse me friend, the sources are National Review, Wall Street Journal and local newspapers.

You are really very poorly informed to hurl an insult like that at me, implying that I got that info from Mother Jones. President George HW Bush was a terrible president with regards to domestic policies. With regards to economic policy the government did a lot more bad things to the Americans under George HW Bush than they did when Bill Clinton was president. Reagan's recovery stalled and unemployment went up under George Bush. It came back under Clinton. That's reality friend and if you'd read the conservative journals during the last 15 years you'd know that.

George Bush senior maliciously attacked all board members of the S&L's and as I say there were 20,000 of them. These were more ordinary Americans although they were overwhelmingly Republican that Bush assaulted. Why shouldn't the same standards be applied to a prominent Republican's wife today? What is so different about Wendy Gramm today really other than the fact that her husband is a prominent Republican from Texas? Enron wasn't insured by the FDIC, sure that's a big difference, but so what? Her malfeasance still cost a lot of people a lot, so the federal government should sue. Doesn't matter if she wasn't involved in the bad decisions, she's a member of the board, she's guilty, that's the standard senior Bush used then, why shouldn't it used today?

[ArneFufkin]

Wendy Gramm was a board member on the Audit committee. She didn't do the auditing herself. If Arthur Andersen signs off on the books, that's pretty much all she can or should do. Directors don't involve themselves in day-to-day accounting decisions.

[Red Jones]

you are correct in all of your statements

I merely wanted to highlight how wrong it was for George Bush senior to do what he did 10 years ago. George Bush senior did that so that he could please his rich liberal friends. He attacked 20,000 Americans unjustly even though they were Republicans just to make the liberals happy. George Bush did a lot of other terrible things to the Americans also. Many jobs were lost even permanently because of him. The Americans should know about it and we should be very wary of his son as a result.

That is my angle, but you are very sharp to poke holes through what I said.

[Salvation]

Check out this thread:

***Joe Liberman's Largest Contributor is Enron's Largest Creditor****

[Libertina]

I don't have any suggestoins about how to handle people who have "accidentally" destroyed documents, but after clinton there has been a shocking lack of respect/fear of any congressional investigations. The Phil Gramm ties seem very bad, but I don't see anything the administration is doing as wrong (re:THIS issue LOL) in fact, they seem to be handling it well. But leave it to the mainstream media to lie and slander. I don't want "my MTV", I want to publish my own national conservative newspaper!

[jf55510]

No. But, It was her job to know what was going on. People treat directorships as plum prestige assignments when in reality they have an important role to fulfill overseeing managment on behalf of the shareholders. Simple ignorance may be enough to avoid prosecution but it should not be enough to protect her from shareholder lawsuits.

If people try hard enough they can hide infromation from anyone. Look how Enron duped professional analysts that do this kind of stuff for a living. I think that unless it can be proven without a doubt that she knew what was going on no one should have a case against her.

[Dane]

George Bush senior maliciously attacked all board members of the S&L's and as I say there were 20,000 of them

Uh, he didn't do that, the S & L's did that. You seem to have some burr up your butt about that. I guess you would rather had Clinton & his cronies during the S&L mess. That way all you had to do was go to a "coffee" and leave a donation.

[Chi-townChief]

So does this mean that we can now criticize the DemoRats for "attacking a minority female" (Mrs. Gramm.)
I would think that the National Organization of Women would want to take these DemoRats to task for attempting such a thing.
Maybe we can bring former Congressperson Patsy Schroeder out of retirement to lead a march on the Senate just like she did during the Clarence Thomas confirmation hearings!

[Red Jones]

you are correct, please read #34.

I think that Wendy Gramm should be sued by the federal government and her family's assets should be depleted in that process regardless of whether it is just or not. Ten years ago president Bush did that to 20,000 Americans even though their only crime was similarly sitting on the Board of Directors of an S&L that went bankrupt.

I remember those days and I remember that Phil Gramm did not speak out about that injustice 10 years ago. Wendy Gramm being the wife of a prominent Texas Republican may be protected. It's not fair.