Keyword: michaeldobbs
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Extract from much longer article at "http://www.pacificsites.com/~mec/NEWSL/ISS19/13Brown.html":" Enron, which closed a deal, backed by the U.S. Export-Import Bank, to develop European markets for Russian gas, has been one of the biggest beneficiaries of the Administration's export policy. During the past two years, the Ex-Im Bank has supported Enron's agreements with Turkey, India, the Philippines and China - deals worth nearly $4 billion. Kenneth Brody, head of the Ex-Im Bank, is a close friend of Treasury Secretary Robert Rubin, having worked with Rubin at Goldman, Sachs. Enron is listed on Rubin's 1993 financial disclosure statement as one of the forty-four companies ...
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Who's Accountable? Inside the growing Enron scandal: how evidence was shredded and top executives fished for a bailout as the company imploded Sunday, Jan. 13, 2002Just four days before Enron disclosed a stunning $618 million loss for the third quarter—its first public disclosure of its financial woes—workers who audited the company's books for Arthur Andersen, the big accounting firm, received an extraordinary instruction from one of the company's lawyers. Congressional investigators tell Time that the Oct. 12 memo directed workers to destroy all audit material, except for the most basic "work papers." And that's what they did, over a period of ...
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CNSNews.com) - Just days before the opening of Jesse Jackson's annual Wall Street Project Conference in New York City, long-time friends, former business associates and Wall Street observers say Jackson's financial empire appears to be headed for collapse.Dogged by a loss of political clout, personal scandal and concerns by some Wall Street professionals that Jackson has come across as "anti-American" following the Sept. 11 attacks, the civil rights activist's influence is diminishing in the eyes of more people in the business and civil rights community.The Decline of the Jackson Empire Jackson's empire has shrunk from more than 100 employees at ...
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Jan. 13, 2002, 9:38AM Enron mark is deep in political pockets By JULIE MASON Copyright 2002 Houston Chronicle Washington Bureau WASHINGTON -- Texas politicians, long the biggest beneficiaries of Enron Corp.'s prodigious campaign spending, are now facing the downside of the fallen corporation's political largess. Those who pocketed Enron political contributions in the past include lawmakers now seated on committees investigating the energy giant's dramatic fall, and others running for office in contested races. Throughout Washington, the pervasiveness of Enron's campaign spending is proving problematic for those now wanting to distance themselves from the escalating scandal. "Whenever you have ...
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(snip) On Aug. 4, 1997, Lay and seven other energy executives met with Clinton, Gore, Rubin and other top officials at the White House to discuss the U.S. position at the upcoming conference on global warming in Kyoto, Japan. Lay, in a memo to Enron employees, said there was broad consensus in favor of an emissions-trading system. Enron officials later expressed elation at the results of the Kyoto conference. An internal memo said the Kyoto agreement, if implemented, would "do more to promote Enron's business than almost any other regulatory initiative outside of restructuring the energy and natural gas industries ...
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ON JULY 5, 1995, Enron Corporation donated $100,000 to the Democratic National Committee. Six days later, Enron executives were on a trade mission with Commerce Secretary Mickey Kantor to Bosnia and Croatia. With Kantor's support, Enron signed a $100 million contract to build a 150-megawatt power plant. Enron, then a growing giant in energy trading, practically had a reserved seat on Clinton administration trade junkets. Commerce Secretary Ron Brown, who egregiously linked political donations to government assistance, accompanied Enron chairman Ken Lay on a mission to India. Enron president Joseph Sutton was on the trip to Bosnia during which Brown ...
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A year ago, Notra Trulock got heat for posting a message on Free Republic thanking us for our support of him while he was being trashed for telling the truth.Now, as the Clinton administration still carries on its efforts to destroy this patriot, FReepers are damn near silent.The FBI went into his home without a warrant, the Energy Department got him fired from his job, his career and ability to support his family are being destroyed by the Clinton administration, and now there is talk of him being prosecuted by the Justice Department.Notra Trulock is being subjected to KGB-style abuse ...
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FOR DISCUSSION AND EDUCATIONAL PURPOSES ONLY. The Independent Counsel law lapsed last night at midnight. And Independent Counsel Kenneth Starr said the law should not be re-authorized. Obviously, Starr believes that, because his own investigation was a waste of tens of millions of dollars, the Independent Counsel law should be trashed. The truth is that the Independent Counsel law is a good law. When corruption has been rooted out in places like France and Italy, it has usually been the result of an independent magistrate—their version of our Independent Counsel. We also know that when Independent Counsels like Donald Schmalz ...
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Local CBS TV station in Dallas Texas, to report that Texas Democrats in the House took MORE money from Enron than their Republican counterparts. Details at 10;00 in Dallas - Channel 11 KTVT. 20-minutes from now.
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A freeper journalist, beacon, needs information on a $250,000 contribution to Mayor Lee Brown. If you know anything of this WITH A SOURCE, please freepmail him. Also, if you know of any other contributions Enron gave to Brown, please say so. Beacon wants to do a story on this, but needs a source for the campaign information. I have searched and searched and found nothing so far source-wise, just a claim on the very thread that Beacon asked for a source.
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WASHINGTON, Sept. 13 — Vice President Al Gore attended a Houston dinner in November 1995 to promote a budding relationship between the Democratic Party and a handful of powerful Texas trial lawyers. The relationship blossomed, producing $4 million in donations from the lawyers' firms since 1996. But it also produced some heavy-handed fund- raising that has recently drawn the scrutiny of federal campaign finance investigators. At the time of the dinner, the lawyers were deeply troubled by a bill passed by the Republican-led Congress that would have drastically overhauled the nation's litigation system by restricting the amount of money that ...
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A freeper journalist, beacon, needs information on a $250,000 contribution to Mayor Lee Brown. If you know anything of this WITH A SOURCE, please freepmail him. Also, if you know of any other contributions Enron gave to Brown, please say so. Beacon wants to do a story on this, but needs a source for the campaign information. I have searched and searched and found nothing so far source-wise, just a claim on the very thread that Beacon asked for a source.
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Here in the Fool on the Hill space, we've been keeping our eyes on a new rule proposed by the Securities and Exchange Commission (SEC) regarding the fair disclosure of material information by publicly owned companies. As you may know, public companies are allowed to give material information to Wall Street analysts before they make it known to the public. Wall Street, of course, loves the status quo, and is fighting mightily, though I would say far from valiantly, to stop the SEC from enacting the rule that would erase Wall Street's special privileges and level the playing field. There ...
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<p>As Congress gears up for hearings on Enron's $60 billion collapse, some Democrats are savoring a chance to investigate links between the company and its many G.O.P. friends in the White House and Congress. But the scandal may wind up tainting Democrats as well. Florida's state pension fund, which lost $325 million on Enron, is examining, as part of a broader inquiry, what role Frank Savage, a major Democratic donor, may have played in the state's loss. The fund's investments were directed by Alliance Capital Management, where Savage was a senior executive and chairman at the same time he sat on Enron's board.</p>
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NewsMax.com Saturday Jan. 12. 2001; 11:57 a.m. EST Hillary's Enron Moment Democrats hoping the Enron scandal will be the beginning of the end of the Bush presidency have a problem on their hands. Call it the Clinton precedent. That is; whatever the Bush White House may or may not have done wrong as the largest energy trading company in the world slid into bankruptcy, it pales next to the misdeeds of the former first couple, who were given a pass on almost every count. Take, for instance, the most shocking allegation in the Enron scandal to date - that ...
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WASHINGTON - In a pair of e-mails to his employees in August, the chairman of now-bankrupt Enron touted the company's stock and declared that the energy trader giant's growth "has never been more certain." "Our performance has never been stronger; our business model has never been more robust. ... We have the finest organization in American business today," Ken Lay said in an Aug. 14 e-mail just two months before Enron's long-hidden financial problems surfaced. In an Aug. 27 e-mail, Lay announced the details of an employee stock option program which spoke of "a significantly higher price" for Enron ...
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Clinton link with Enron lowers the heat on Bush By Rupert Cornwell in Washington 13 January 2002 The Democrats were dragged into the growing Enron scandal yesterday as it emerged that Robert Rubin, Bill Clinton's Treasury Secretary, contacted a top official at his old department to find out if the Bush administration could step in to help the energy group. Mr Rubin made his call last November to Peter Fisher, head of the Treasury's domestic finance section, in his current capacity as chairman of Citigroup, one of the main creditors of Enron. A month later the company went bankrupt in ...
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MAPUTO, Dec 4 (AIM) - Enron, the American energy corporation that had planned to build a steel slabs factory in Maputo, has filed for bankruptcy. The fall of the giant energy trader is not simply a matter of bad luck or poor management. One of the factors that undermined the company is that it is under investigation by the US Securities and Exchange Commission (SEC) over what are delicately referred to as "its accounting and disclosure practices". In November, Enron finally admitted that it "overstated" its income and financial strength for the last four years. In plain English, it had ...
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Guest Comment 8/24/00 3:00 p.m. Al Gore: The $2.3 Trillion Man And his party of impoverishment. NY commentator Deroy Murdock is a columnist with the Scripps Howard News Service. eet the $2.3 Trillion Man. Vice President Al Gore has gone from reinventing government to reinventing himself as a free-spending, FDR-style populist. This new, anti-business Gore is not just incredibly profligate, but menacing to investors and hypocritical to boot. From his convention speech to campaign stops and his web page, Gore has promoted at least 66 new or expanded spending programs. There's a $253 billion prescription-drug benefit. Universal Children's ...
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s time running out for Arthur Andersen & Company? Three months ago, financial experts asked the same question about the Enron Corporation (news/quote), the giant energy trading company that was Andersen's second-largest client in 2000. Beset by questions about self- dealing by its top executives and the accuracy of its financial statements, Enron rapidly collapsed, costing shareholders tens of billions of dollars and leaving thousands of its employees out of work. Besides Enron itself, no company has been more seriously wounded by its collapse than Andersen, one of the world's largest accounting firms. With more than $9 billion in sales ...
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