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hile investigators are focusing on how much money investors and employees lost in the Enron Corporation (news/quote)'s collapse, some shareholders and lawmakers are now setting their sights on another target: Enron insiders who received millions selling their shares near the top of the market. As Enron stock climbed and Wall Street was still touting it, a group of 29 Enron executives and directors began to sell their shares. These insiders received $1.1 billion by selling 17.3 million shares from 1999 through mid-2001, according to court filings based on public records. They continued selling as Enron's stock started to tumble early ...

Whatever Enron's tactics to win political support in the US, its controversial power project near Bombay has been criticised in an official report as part of a "systemic" failure of governance - corporate and political - in India in the 1990s. The Dollars 2.9bn power plant was eventually built, but only in the face of unyielding criticism. Today it stands idle as potential buyers bid for it at a heavily discounted price. Enron has long been seen as shadowy in India. Its Indian affiliate, Dabhol Power Company (DPC), 65 per cent of which belongs to Enron, became a object of ...

The Democrats smell blood. The sharks are in the water and stalking their prey for the kill. Their primary target is of course, the highest rated president in American History, George W. Bush. What has aroused the attention of these D.C. bottom scavengers? The answer is simple... the bankruptcy of Enron Corporation. Democratic masters of political spin are salivating at what they hope to turn into a clintonesque problem child for President Bush. Before they do, they will have to invest some time in a political cover up and the severing of ties which they have with Enron. The week ...

Former Clinton Treasury secretary Robert E. Rubin telephoned a top Treasury official last fall to explore whether the Bush administration could intervene on behalf of Enron Corp. as the giant energy company neared collapse, officials said yesterday. Rubin, chairman of the executive committee at Citigroup, one of Enron's main creditors, called Peter Fisher, Treasury undersecretary for domestic finance, and asked "what he thought of the idea" of calling bond-rating agencies to help forestall a crippling reduction in Enron's credit rating, according to a statement released by the Treasury Department.[ ... ]

Enron asked Treasury to call bank Administration says it turned down request, as well as one from head of Citigroup From wire reports WASHINGTON -- Struggling to avert a financial meltdown, energy giant Enron Corp. last fall asked a top Treasury Department official to call the company's bankers and seek help in securing a much-needed loan, government officials revealed Friday. The disclosure is the strongest indication yet that Enron, one of President Bush's biggest campaign supporters, appealed to administration officials for specific assistance before its Dec. 2 bankruptcy. Treasury officials said they declined to intervene. In addition to calling government ...

Press Release ENRON EXPLAINS BASIC FACTS ABOUT ITS 401K SAVINGS PLAN FOR IMMEDIATE RELEASE: Friday, December 14, 2001 HOUSTON – Enron Corp. (NYSE: ENE) today explained basic facts about its 401K savings plan. This explanation is being provided to correct numerous inaccurate news reports and statements from plaintiffs’ attorneys over the past several days. * When companies change the administrator of a 401K program, a temporary shutdown, typically lasting several weeks, is required to allow employee account information to be accurately and completely transferred to the new administrator. * In February of 2001, in order to improve its 401K plan, ...

There is a rumour that of the billions sucked out by Enron, about 20 billion worth multiplied by derivatives to 600 billion, may have been used to prop up the stock market at key moments in late September 2001 and early October 2001.This is a very sick deal.You may recall earlier in the year 2001, I said repeatedly on the air during the energy spikes that the energy shortages were illusion and in all likelihood a result of market manipulation. I don't believe in any of this, and this is probably more about a bunch of guys in dark trading ...

Republican grass-roots activists Launch To counter allegations that President Bush and Republicans are the only ones with connections to Enron, Republican activists launched www.continue.to/enron where you will find links to several news articles showing that Democrats have their fingerprints all over Enron. You will also find a list of 35 facts that show direct links between the Democrats and Enron. Here is a partial list... 1. -From 1990 to 1994 Enron gave 42% of their donations to the Democrats. 2. -Florida's state pension fund, which lost $325 million on Enron, is examining what role Frank Savage, a major Democratic ...

Enron Collapse: Concern over Enron's links to British parties and politicians The Independent - United Kingdom; Jan 12, 2002 BY BEN RUSSELL POLITICAL CORRESPONDENT ENRON IS a company which has wooed figures in high places in Britain as well as across the Atlantic. It gave thousands of pounds to the Labour Party in sponsorship after the 1997 general election. Lord Wakeham, the former Conservative energy secretary, now chairman of the Press Complaints Commission, has had a seat on the company's board since 1994. The peer is a member of the company's audit committee, according to the company's annual report ...

[Federal Register: May 15, 2001 (Volume 66, Number 94)] [Notices] [Page 26849] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr15my01-64] DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. ER01-1394-000, et al.] Enron Energy Services, Inc., et al.; Notice of issuance of Order May 9, 2001. Enron Energy Services, Inc., et al. (Enron Energy) submitted for filing a rate schedule under which Enron Energy will engage in wholesale electric power and energy transactions at market-based rates. Enron Energy also requested waiver of various Commission regulations. In particular, Enron Energy requested that the Commission grant blanket approval under 18 ...

There is a rumor that of the billions sucked out of Enron, about 20 billion worth multiplied through derivatives to approximately $600 billion, may have been used to prop up the stock market at key moments in late September and early October 2001.This is a very sick deal.You may recall that earlier in the year 2001, I said repeatedly on the air during the energy spikes that the energy shortages were illusion and in all likelihood the result of market manipulation. I don't believe in any of this, and this is probably more about a bunch of guys in dark ...

Even though Enron's corpse still is warm, the pathologists have their scalpels ready to do the post-mortem. That there's now a Senate investigation into the matter... well, that was inevitable. It also was inevitable that the investigation would cut along predictably partisan lines. Does anyone believe Sen. Joe Lieberman's (D-Conn.) promise that his Senate Governmental Affairs Committee won't be a "witch-hunt?" Lieberman does have a lot to chew on. On the surface this looks like one juicy scandal, involving the president and his top adviser, the vice president, the House majority whip, a prominent senator and his wife — all ...

WASHINGTON, Jan. 12 (UPI) -- A Senate panel probing energy conglomerate Enron Corp.'s sudden collapse sent a subpoena Friday to Texas Republican Sen. Phil Gramm's wife, Wendy Gramm, panel sources confirmed, while a new contact with a Bush administration official -- by a prominent Democrat -- was disclosed by the Treasury Department. 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. Her subpoena is among 51 issued by the Senate Permanent Subcommittee on Investigations chaired by Sen. Carl Levin, ...

Freeper discovers amazing connection. Lieberman's largest contributor is Enrons largest creditor Ailing Enron Files for Chapter 11 Bankruptcy Protection Enron is likely to try to isolate its trading operations as a new business, with additional investments from its leading banks, J.P. Morgan Chase and Citigroup. Enron reported in its court filing yesterday that Citigroup's Citibank unit is its largest unsecured creditor, with two loans totaling $3 billion. JOSEPH I. LIEBERMAN (D-CT)Top Contributors 2002 1 Citigroup Inc $112,546 2 United Technologies $62,000 3 Hartford Financial Services $49,700 4 New Democrat Network $48,398 5 Pfizer Inc $40,300 6 Richman Group $32,000 7 ...

As he tries to figure out how to handle the backwash from the collapse of Enron, George W. Bush has a great advantage. Having watched what happened to his predecessor, he should understand the importance of simply making everyone tell the truth right away. It is going too far at the moment to call the collapse of Enron a scandal for the Bush administration. The head of Enron was one of the president's biggest campaign donors, and we now know that he called two cabinet officers last fall to warn them that the company was in terrible trouble. But none ...

<p>In case anybody missed it, there's a full-scale, no-holds-barred air war going on right now. A massive one. Daisy-cutters, 2,000-pound bunker-busters -- you name it. Bombs are dropping faster than you can blink. Squadrons of B-52s -- AKA 'big ugly fat fellows' -- are prowling the heavens, pounding enemy positions, unleashing their fiery wrath, carpet bombing around-the-clock....the works.</p>

WASHINGTON (CBS.MW) -- Former Treasury Secretary Robert Rubin called a top U.S. Treasury official in November, asking that the government intervene with credit agencies that were about to cut Enron's debt ratings, the Treasury Department disclosed Friday. Rubin is now chairman of the executive committee at Citigroup (C: news, chart, profile), which is Enron's largest creditor to the tune of $3 billion, according to court documents in the collapsed energy trader's bankruptcy case. A Treasury spokeswoman, Michele Davis, said in a statement released late Friday that Undersecretary Peter Fisher turned down Rubin's request to call the ratings agencies on behalf ...

On 28 October 1997, Enron Corporation announced the entry of Frank G. Wisner Jr. onto its board of directors. Most of the business press did not find this untoward and it certainly did not emerge as part of the US discussions on corruption at the highest level. Frank Wisner, as we know in India, was the US Ambassador from 1994 until this year and his entry into Enron must be seen in light of the scandal of Dabhol. Enron, like most US corporations, uses its close association with the state (both its elected and bureaucratic arms) for its own ends. ...

Kings Of The Caspian Less than a decade after the final diplomatic skirmishes of the Cold War, the men who led the battle on both sides have joined forces to exploit the oil reserves of the Caspian Sea. The Caspian, which is the world's largest inland sea, is estimated to contain as much as 200 billion barrels of oil alone plus another 100 billion barrels' worth of gas under the neighboring Kara Kum Desert and other sites. At average price levels for the 1990s, that adds up to a treasure chest of roughly US$5 trillion. Today Amoco, British Petroleum, Chevron, ...