Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Liz
If we are going to examine (and I think we should) political wives involvement with Enron, we should include Wendy Gramm. Nothing is going to change if we take a partisan view of corruption.

As chairwoman of the Commodity Futures Trading Commis-sion, a federal regulatory agency, Wendy Gramm exempted Enron’s energy derivative contracts from regulation in the fall of 1992, setting the stage for the company to become a huge player in the wholesale energy market. That was one of her last official acts; Enron hired her a few days later to serve on their board, where she would earn at least $900,000 over the next eight years. After Wendy joined the board, Enron quickly became Phil Gramm’s top corporate contributor. It paid off. In December 2000 Phil Gramm pushed through–over the objection of regulators–a bill deregulating energy commodity trading, which set the stage for Enron’s online trading operation and ensuing dominance of the California energy market. That bill was a disaster for California ratepayers and a bonanza for Enron.

http://www.texasobserver.org/showArticle.asp?ArticleID=582

12 posted on 01/12/2003 9:05:59 AM PST by lucysmom
[ Post Reply | Private Reply | To 1 | View Replies ]



PLEASE SUPPORT FREE REPUBLIC

Donate Here By Secure Server

Or mail checks to
FreeRepublic , LLC
PO BOX 9771
FRESNO, CA 93794
or you can use
PayPal at Jimrob@psnw.com

Become A Monthly Donor
STOP BY AND BUMP THE FUNDRAISER THREAD

14 posted on 01/12/2003 10:27:08 AM PST by Mo1 (Join the DC Chapter at the Patriots Rally III on 1/18/03)
[ Post Reply | Private Reply | To 12 | View Replies ]

To: lucysmom
Phony, self-serving Dimocrats' lobbying is much more egregious since the "party of the people" touts it's concern for the little people as they hypocritically enrich themselves on the backs of these very same people.

I don't think the Gramm's ever pretended to be anything but who they are.

17 posted on 01/12/2003 11:58:01 AM PST by Liz
[ Post Reply | Private Reply | To 12 | View Replies ]

To: lucysmom
If we are going to examine (and I think we should) political wives involvement with Enron, we should include Wendy Gramm. Nothing is going to change if we take a partisan view of corruption.

I think the Communists, uh, sorry,the Democrats, already tried to do just that and fell on their little ratty faces.
18 posted on 01/12/2003 1:18:56 PM PST by gatorbait
[ Post Reply | Private Reply | To 12 | View Replies ]

To: lucysmom
I wondered when Phil G. announced he was not seeking re-election if his wife, Wendy, being on the Enron Board had something to do with it. Although, he may have just had a better offer, $$$$$$, that does not require him answering to the folks back home or being on the Sunday morning talk shows.
27 posted on 01/12/2003 8:51:44 PM PST by zeaal
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson