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 Enrons 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 Gramms top corporate contributor. It paid off. In December 2000 Phil Gramm pushed throughover the objection of regulatorsa bill deregulating energy commodity trading, which set the stage for Enrons 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
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)
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
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.
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
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