posted May 25, 2006 02:21 PM              

By Rex Nutting

Last Update: 1:14 PM ET May 25, 2006

WASHINGTON (MarketWatch) -- Convicted Enron executives Kenneth Lay and Jeffery Skilling should be sent to prison, corporate watchdogs said Thursday.

"I'm very happy with the verdict," said Nell Minow, co-founder of the Corporate Library, after a jury found Lay and Skilling guilty on multiple counts of fraud and conspiracy. "I want to see them go to jail. I don't want a community service thing," Minow said.

Ann Yerger, executive director of the Council of Institutional Investors, agreed that there "should be some jail time." Tom Lehner of the Business Roundtable said the Enron case proved "the process worked." He said those who don't respect good corporate governance "should pay a heavy price." http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BCFF5B2BE%2D64F3%2D41A2%2DA088%2DE882338F4D39%7D&dist=newsfinder&siteid=google

posted May 25, 2006 02:34 PM              

Possible Sentences of up to 165 Years for Lay, 185 for Skilling

May 25, 2006 — Former Enron executives Ken Lay and Jeffrey Skilling have been found guilty of fraud and conspiracy.

Lay, 64, was convicted of all six counts against him, including conspiracy to commit securities and wire fraud. He faces a maximum of 45 years in prison. Lay also faces 120 years in prison in a separate case.

Skilling, 52, was convicted of 18 counts of conspiracy and fraud. Combined with his conviction on one count of insider trading, he faces a maximum of 185 years in prison. Skilling was acquitted of eight other charges relating to insider trading. That means he faces a possibility of 10 instead of 100 years in prison for insider trading alone.

"Obviously, I'm disappointed," Skilling told reporters outside the courthouse. "But that's the way the system works."

"I think we fought a good fight — some things work, some things don't."

Skilling's lawyer, Dan Petrocelli, said the verdict "doesn't change our view of what happened at Enron … or Jeffrey Skilling's innocence."

Jurors spent six days deliberating after more than three months of testimony from 54 witnesses in the fraud and conspiracy trial.

In a separate, nonjury bank fraud trial related to Lay's personal banking, U.S. District Judge Sim Lake found the Enron founder guilty of bank fraud and making false statements to banks. Lake had withheld his verdict in the Lay bank fraud case until the Lay-Skilling jury announced its verdict. Lay faces up to 120 years in prison in that case.

"You have reflected on this evidence for the last few days and reached a very thorough verdict, and I thank you," Lake told jurors.

Fall From Grace

Lay founded Enron in 1985 and served as its CEO for more than 15 years. Skilling joined the company in 1990, became its CEO in February 2001, and resigned abruptly in August 2001, citing family reasons.

Lay and Skilling were both credited with building Enron into a powerhouse hailed for its creative management, but their names have become associated with the wave of corporate scandals that followed Enron's demise.

But before its fall in December 2001, Enron had grown into a major energy trading company whose assets had at one point been estimated at $100 billion. It was considered a cutting-edge, aggressive entity that by the late 1990s had become a Wall Street darling and a model of management. It was ranked the seventh-largest company in the United States in the Fortune 500 index. In February 2001, Fortune magazine's ranking of America's most admired companies listed Enron as No. 1 for "innovativeness" and No. 2 for "quality of management."

Since then, Enron has become a symbol of hubris, deceit and everything that is wrong with corporate America — its name associated with the wave of corporate scandals that followed its demise.

"The verdict makes clear that high-level corporate executives who deceive the investing public for personal gain will be held fully accountable," Securities and Exchange Commission Chairman Christopher Cox said in a statement after the verdicts.

Skilling and Lay will will be sentenced Sept. 11, 2006 .

posted May 25, 2006 02:39 PM            

The Bush Justice Department convicted some more people who flourished during the 90's decade of corruption...under the Clinton Administration.

Too bad in a way because the left has made a huge issue out of supposed ties between Lay and Bush and between Bush and corporate America.

posted May 25, 2006 03:01 PM              

quote:

---

Too bad in a way because the left has made a huge issue out of supposed ties between Lay and Bush and between Bush and corporate America

---

Correct me if I'm wrong.....

but -

....wasn't Lay, one of the LARGEST CONTRIBUTERS to dubya's presidential campaigns???

Looks like some ties there, to me....

posted May 25, 2006 03:19 PM            

It was also Clinton's Treasurer, Robert Rubin who rushed to the White House to get Bush to bail out Enron before the sky fell on Enron and got stiffed by Bush.

It was also Clinton and Clinton administration toadies who pressured foreign governments to cut deals with Enron...at very favorable terms to Enron.

posted May 25, 2006 05:50 PM              

quote:

---

Since 1989, the Houston-based energy broker and its employees have made more than $5.7 million in contributions to federal candidates and political parties, nearly three-quarters of it to Republicans. Enron was George W. Bush's biggest contributor in the 2000 presidential campaign.

Enron, Arthur Andersen and Vinson & Elkins, a Houston law firm, are among the most generous contributors to Mr. Bush's 2000 presidential campaign. Enron has given more than $700,000 to Mr. Bush since 1993; no company has given him more. In addition, Enron's chairman, Kenneth L. Lay, was one of the "pioneers," raising more than $100,000 for Mr. Bush's e-mail campaign, and he and his wife gave a total of $10,000 to Mr. Bush's Florida recount fund. Enron and Mr. Lay also contributed a total of $200,000 to Mr. Bush's inaugural festivities.

---

top enron donations http://www.opensecrets.org/news/enron/enron_indiv.asp

bush vs clinton

George W. Bush (R)$113,800

Bob Dole (R)$95,650

Al Gore (D)$13,750

Bill Clinton (D)$11,000
http://www.opensecrets.org/news/enron/enron_pres.asp

posted May 25, 2006 05:57 PM              

quote:

---

But it is the Bush Justice Department who pursued Ken Lay and a lot of other corporate lawbreakers--jwhop

---

which bush administration pursued enron and other lawbreakers jwhop.....
do you mean the ones who did the work for the guys who had to bail from the case??

***********

Ashcroft recuses himself from Enron probe
January 10, 2002 Posted: 6:51 PM EST (2351 GMT)
Justice Department officials said Ashcroft was advised to step away from the investigation -- announced just a day earlier -- because of contributions he received from the company's executives during his campaign for the Senate.
According to the Center for Public Integrity, Ashcroft received nearly $61,000 from Enron executives and the company's political action committee, including $25,000 from Lay.

http://www.cnn.com/2002/ALLPOLITICS/01/10/bush.enron/

Pitt out as SEC chairman
Embattled chairman resigns under pressure on election night
December 6, 2002: 10:06 AM EST

NEW YORK (CNN/Money) - Embattled Securities and Exchange Commission Chairman Harvey Pitt, under fire for not taking a strong enough stand on cleaning up corporate accounting problems, has resigned.
Pitt fell out of favor with the White House in recent days because he withheld controversial information about his hand-picked choice to head a new accounting oversight board.
Pitt sent a letter to President Bush Tuesday night, hours after informing the White House personnel office of his decision to step down.
http://money.cnn.com/2002/11/06/news/pitt/

Nov. 12, 2002, 6:04 p.m. EST
WEBSTER STEPS DOWN FROM ACCOUNTING OVERSIGHT BOARD

Former FBI and CIA director William Webster submitted his resignation as chairman of a new board set up to reform the scandal-tainted accounting industry, according to a letter released to the press.

In the letter, Webster expressed concern that his continued presence on the board "will only generate more distractions which will not be helpful to the important mission of the board."

Webster's resignation follows that of Securities and Exchange Commission Chairman Harvey Pitt, who came under fire for allegedly failing to tell the four other SEC commissioners of Webster's connection to U.S. Technologies Inc., a nearly bankrupt Internet company under investigation for fraud.
http://www.pbs.org/newshour/updates/webster_11-12-02.html

posted May 25, 2006 06:13 PM              

Enron Field, built by cheney/halliburton while bush jr was Gov. of Texas...
*********

posted May 25, 2006 06:27 PM              

(thats the signal to throw a snotball straight at the batters head....)

posted May 25, 2006 07:35 PM            

The only thing we need to know is that Bush stiffed Enron when he could have attempted to bail them out.

The Justice Dept not only pursued Enron executives but other corrupt corporation executives, prosecuted them through trial and put those convicted by juries in jail. Many pleaded out and they went to jail too.

End of the story...or it will be when everyone is sentenced and they are in jail.

posted May 25, 2006 07:39 PM            

For the 2004 Presidential Election Enron donated the following to Bush:

Total for this search: $10,250

Bush, George W
PAPA, MARK G MR
MISSOURI CITY,TX 77459
ENRON OIL & GAS CO./ENGINEER
6/16/2003
$2,000

Bush, George W
SUTTON, JOSEPH W MR
THE WOODLANDS,TX 77380
ENRON/CHAIRMAN
7/11/2003
$2,000

Bush, George W
HOGLUND, FORREST E MR
DALLAS,TX 75205
ENRON OIL & GAS
10/27/2004
$1,500

Bush, George W
HOGLUND, FORREST E MR
DALLAS,TX 75205
ENRON OIL & GAS/CHAIRMAN
10/14/2004
$1,500

Bush, George W
AMBLER, JOHN O MR
BELLAIRE,TX 77401
ENRON TRANSPORTATION SERVICES/VICE
3/12/2004
$1,000

Bush, George W
BURGHER, CEDRIC W MR
HOUSTON,TX 77057
ENRON OIL & GAS CO./FINANCE
4/13/2004
$1,000

Bush, George W
AMBLER, JOHN O MR
BELLAIRE,TX 77401
ENRON TRANSPORTATION SERVICES/VICE
4/14/2004
$750

Bush, George W
AMBLER, JOHN O MR
BELLAIRE,TX 77401
ENRON TRANSPORTATION SERVICES/VICE
2/12/2004
$250

Bush, George W
NOWLAN, JOHN L MR
HOUSTON,TX 77024
ENRON CORPORATION/VICE PRESIDENT
8/12/2003
$250

For A list of the top 1000 donors:
http://www.opensecrets.org/president ial/search.asp?txtCID=N00008072&name=&employ=&state=%28all%29&zip=%28any+zip%29&submit=OK&amt=a&sort=A

The top Contributors for Bush in 2004:

Morgan Stanley
$600,480

Merrill Lynch
$580,004

PricewaterhouseCoopers
$512,500

UBS Americas
$468,075

Goldman Sachs
$388,600

MBNA Corp
$356,350

Credit Suisse First Boston
$330,040

Lehman Brothers
$327,725

Citigroup Inc
$320,620

Bear Stearns
$309,150

Ernst & Young
$302,140

Deloitte Touche Tohmatsu
$290,450

US Government
$288,636

Wachovia Corp
$275,310

Ameriquest Capital
$250,650

Blank Rome LLP
$223,900

Bank of America
$218,261

JP Morgan Chase & Co
$205,900

Cendant Corp
$198,803

Microsoft Corp
$197,425

Top Contributors for Kerry:

University of California
$627,225

Harvard University
$360,059

Time Warner
$312,775

Goldman Sachs
$296,750

Citigroup Inc
$284,631

Microsoft Corp
$278,597

Skadden, Arps et al
$263,077

US Government
$227,976

UBS Americas
$213,200

JP Morgan Chase & Co
$205,565

Wilmer, Cutler et al
$201,386

Stanford University
$195,899

IBM Corp
$189,190

Morgan Stanley
$180,979

Viacom Inc
$179,246

Robins, Kaplan et al
$177,650

Bank of America
$169,502

Piper Rudnick LLP
$166,653

Columbia University
$158,740

State of California
$155,135

Individual Donors (Much larger amounts that received by Bush)

Kerry, John
Stein, Adam Mr
Chapel Hill,NC 27516
Office of Appellate
8/6/2004
$25,000

Kerry, John
Webster, Lindsay L
Spartanburg,SC 29302
8/6/2004
$20,000

Kerry, John
Shipley, John Mr
Delray Beach,FL 33483
Searcy Denney Scarola
8/6/2004
$10,000

Kerry, John
RUDIN, GAIL S
MOORESTOWN,NJ 08057
SUNGARD MARKET DATA/COMPUTER PROGRA
4/15/2004
$5,004

Kerry, John
NOFER, GEORGE
RADNOR,PA 19087
6/30/2004
$5,000

Kerry, John
NORTHROP, WILDA L
PACIFIC GROVE,CA 93950
SELF EMPLOYED/ARTIST
7/13/2004
$5,000

Kerry, John
ROFFMAN, FLORENCE
GREENLAWN,NY 11740
LIEBER & SUKOW/BUSINESS EXECUTIVE
7/20/2004
$5,000

Kerry, John
Stanton, Alexandra C Ms
New York,NY 10013
David Patterson
8/6/2004
$5,000

Kerry, John
TOVELL, MARY E
NEWTON,MA 02461
NOT EMPLOYED/RETIRED
7/22/2004
$5,000

Kerry, John
RANSFORD, SARA MISS
ASPEN,CO 81611
SELF EMPLOYED/ARTIST
6/30/2004
$4,500

Kerry, John
CARLSON, JOEL MR
FOX ISLAND,WA 98333
SELF/DEVELOPER
4/15/2004
$4,001

Kerry, John
ABRAMSON, ANDREW B
CLIFTON,NJ 07013
VALUE REALTY INC./REAL ESTATE
9/30/2003
$4,000

Kerry, John
ADAMS, JANIS E
ROLLING HILLS,CA 90274
NOT EMPLOYED/HOMEMAKER
7/21/2004
$4,000

Kerry, John
ADDOMS, BENJAMIN D
DENVER,CO 80220
MONOGRAM HOLDINGS/PROFESSIONAL/MGMT
6/30/2004
$4,000

Kerry, John
AKHAVI, SHAHPOUR S
LEXINGTON,SC 29072
8/17/2004
$4,000

Kerry, John
ALBRITTON, ERIC M
LONGVIEW,TX 75601
ALBRITTON LAW FIRM/ATTORNEY
7/27/2004
$4,000

Kerry, John
ALDA, ARLENE
NEW YORK,NY 10023
SELF/AUTHOR PHOTOGRAPHER
6/22/2004
$4,000

Kerry, John
APRILE, FRANCES
FISHERVILLE,KY 40023
SELF EMPLOYED/FARMER
4/19/2004
$4,000

Kerry, John
ARBOGAST, CHRISTINE
ENGLEWOOD,CO 80112
KOGOVSEK & ASSOC INC/LOBBYIST
6/30/2004
$4,000

Kerry, John
ATTWOOD, JAMES A JR
BEDFORD HILLS,NY 10507
THE CANGLE GROUP/MANAGING DIRECTOR
7/12/2004
$4,000

Kerry, John
AZRACK, JOSEPH F
LINCOLN,MA 01773
CITIGROUP PROP. INVESTERS/PRESIDENT
9/9/2004
$4,000

Kerry, John
BIBEN, BARBARA
NEW YORK,NY 10021
N/A/RETIRED EXECUTIVE
5/31/2004
$4,000

Kerry, John
BIERHORST, GENE
NEW YORK,NY 10003
NOT EMPLOYED/RETIRED
7/27/2004
$4,000

Kerry, John
BLACKBURN, TIMOTHY C
SAN FRANCISCO,CA 94108
6/30/2004
$4,000

Kerry, John
BLINKEN, ROBERT J
BEDFORD HILLS,NY 10507
N/A/RETIRED
8/3/2004
$4,000

Kerry, John
BOMSTEIN, BERNICE
DAYTON,OH 45405
NOT EMPLOYED/RETIRED
6/17/2004
$4,000

Kerry, John
BRICKMAN, MICHAEL J
CHARLESTON,SC 29402
RICHARDSON PATRICK ET AL/ATTORNEY
7/28/2004
$4,000

Kerry, John
BROWN, MARK D
GLEN ELLEN,CA 95442
BAY AREA HOUSING
8/16/2004
$4,000

Kerry, John
BROYLES, WILLIAM JR
WILSON,WY 83014
SELF EMPLOYED/SCREENWRITER
4/19/2004
$4,000

Kerry, John
BULLITT, HARRIET S
LEAVENWORTH,WA 98826
SLEEPING LADY INC/EXEC
4/19/2004
$4,000

Kerry, John
BURKE, DARWIN J
CENTENNIAL,CO 80122
6/30/2004
$4,000

Kerry, John
BUTLER, JAMES E JR
COLUMBUS,GA 31902
5/20/2004
$4,000

Kerry, John
CAMP, LORRAINE P
BOCA RATON,FL 33496
7/20/2004
$4,000

Kerry, John
CAREY, CHURCHILL
SAN JUAN,PR 00966
SELF
8/5/2004
$4,000

Kerry, John
CARTWRIGHT, TINA F
FRANKLIN,TN 37069
7/28/2004
$4,000

Kerry, John
CASPE, JEFFREY MR
CHICAGO,IL 60604
SELF EMPLOYED/INVESTOR
6/30/2004
$4,000

Kerry, John
CHACE, DIANA F
MONTPELIER,VT 05602
NOT EMPLOYED/NOT EMPLOYED
10/14/2004
$4,000

Kerry, John
CHERRY, DAVID E
WACO,TX 76702
CAMPBELL CHERRY HARRISON/ATTORNEY
7/15/2004
$4,000

Kerry, John
CISNEROS - RIZZON, MARCOS
MIAMI,FL 33156
SELF-EMPLOYED/REAL ESTATE AGENT
3/31/2003
$4,000

Kerry, John
COLE, KENNETH D
NEW YORK,NY
4/19/2004
$4,000

Kerry, John
CRUMP, WILLIAM T
RICHMOND,VA 23229
BACK OFFICE ASSOC./BUSINESS DEVELOP
7/21/2004
$4,000

Kerry, John
DALZELL, ROBERT F
WILLIAMSTOWN,MA 01267
WILLIAMS COLLEGE/PROFESSOR
8/5/2004
$4,000

Kerry, John
DARROW, PETER H
BROOKLYN,NY 11201
PRIVATE EQUITY FIRM/HMD PARTNER
6/15/2004
$4,000

Kerry, John
DENTON-DAVIS, BRONWEN
SANTA FE,NM 87501
SELF EMPLOYED/WRITER
7/12/2004
$4,000

Kerry, John
DOLAN, KEVIN
ANNANDALE,VA 22003
MERRILL LYNCH/SR. VP
7/13/2004
$4,000

Kerry, John
DORSEY, BRIAN J
PHILADELPHIA,PA 19119
5/27/2004
$4,000

Kerry, John
DRESSER, JAMES V
SALISBURY,CT 06068
NOT EMPLOYED/RETIRED
10/11/2004
$4,000

Kerry, John
DUNN, TIMOTHY P
RECTORTOWN,VA 20140
CAPITAL GROUP/FUND MANAGER
9/23/2004
$4,000

Kerry, John
DWYER, CORNELIUS J JR
NEW YORK,NY 10011
NOT EMPLOYED/RETIRED
6/30/2004
$4,000

Kerry, John
EMISON, T J JR
ALAMO,TN 38001

TOP ALL TIME DONORS:

Top 10 donors:

American Fedn of State, County & Municipal Employees $37,075,652 (97% Democrat)

AT&T Inc $35,937,756 (63% Republican)

National Assn of Realtors $28,211,023 (51% Democrat)

Assn of Trial Lawyers of America $25,686,556 (94% Democrat)

National Education Assn $25,417,891 (81% Democrat)

Intl Brotherhood of Electrical Workers $24,160,419 (96% Democrat)

Service Employees International Union $23,522,473 (93% Democrat)

Laborers Union $23,255,307 (81 % Democrat)

Communications Workers of America $23,218,569 (98% Democrat)

Teamsters Union $23,209,533 (89% Democrat)

OMG!!! Do you SEE what I SEE? Out of the TOP 10 DONORS.... NINE 9 NINE of them are DEMOCRAT DONORS... OH HELL!!!!

Guess that pretty much indicate WHO is giving and WHO is receiving eh?
http://www.opensecrets.org/orgs/summary.asp?ID=D000000066

This is probably the 10th time I had to post these stats since people seem to suffer from Memory loss (or is it brain washing?)

NOW... Since 1999 this is how much ENRON has given to the REPUBLICAN COMMITTEE VS the DEMOCRAT COMMITTEE

Enron Corp
SOFT MONEY DONATIONS:
NOTE: The donations listed may be made by individuals associated with the organization as well as by the organization itself.

To Democrats: $258,000 (23%)
To Republicans: $869,975 (77%)
Total: $1,127,975

Contributor Occupation Date Amount Recipient
LAY, KENNETH L
HOUSTON, TX 10/31/2000 $25,000 Ashcroft Victory Cmte Non-Federal
ENRON OIL & GAS COMPANY
HOUSTON, TX 1/22/1999 $40,000 Republican National Cmte
ENRON CORPORATION
HOUSTON, TX 6/28/1999 $2,500 Democratic Congressional Campaign Cmte
LAY, KENNETH L
HOUSTON, TX ENRON CORPORATION 4/28/2000 $50,000 Republican National Cmte
LAY, KENNETH L
HOUSTON, TX ENRON CORPORATION 4/28/2000 $50,000 Republican National Cmte
HOGLUND, FORREST E
DALLAS, TX 5/31/2000 $50,000 Republican National Cmte
HOGLUND, FORREST E
DALLAS, TX 5/31/2000 $50,000 Republican National Cmte
ENRON CORP
HOUSTON, TX 6/30/2000 $50,000 Republican National Cmte
ENRON CORPORATION
HOUSTON, TX 9/21/2000 $650 Republican National Cmte
ENRON CORPORATION
HOUSTON, TX 11/1/2000 $10,000 Democratic National Cmte
ENRON INTERNATIONAL
HOUSTON, TX 5/17/1999 $25,000 Democratic National Cmte
ENRON CORP
HOUSTON, TX 7/27/2000 $50,000 Republican National Cmte
ENRON CORPORATION
HOUSTON, TX 5/22/2000 $50,000 Democratic National Cmte
ENRON INTERNATIONAL INC
HOUSTON, TX 3/31/2000 $50,000 Democratic National Cmte
LAY, KENNETH L
HOUSTON, TX ENRON CORPORATION 7/13/2000 $200 Republican National Cmte
ENRON CORP
HOUSTON, TX 9/15/2000 $3,500 Republican National Cmte
ENRON CORP
HOUSTON, TX 9/26/2000 $3,500 Republican National Cmte
LAY, KENNETH L
HOUSTON, TX ENRON CORPORATION 4/28/2000 $75,000 Republican National Cmte
LAY, KENNETH L
HOUSTON, TX ENRON CORPORATION 4/28/2000 $75,000 Republican National Cmte
PAI, LON L
HOUSTON, TX ENRON ENERGY SERVICES 7/27/2000 $15,000 Republican National Cmte
ENRON CORP
HOUSTON, TX 12/16/1999 $15,000 Republican National Cmte
ENRON CORP
HOUSTON, TX 6/30/2000 $15,000 National Republican Senatorial Cmte
ENRON CORP
HOUSTON, TX 7/21/2000 $4,200 Republican National Cmte
ENRON OIL & GAS COMPANY
HOUSTON, TX 12/16/1999 $40,000 Republican National Cmte
SUTTON, JOSEPH W
HOUSTON, TX ENRON 7/26/2000 $5,000 Republican National Cmte
KEEPERS, SALLY A
HOUSTON, TX ENRON CORPORATION 7/28/2000 $5,000 Republican National Cmte
SKILLING, JEFFREY K
HOUSTON, TX ENRON CORPORATION 6/30/2000 $50,000 Republican National Cmte
ENRON CORP
HOUSTON, TX 6/30/2000 $85,000 National Republican Senatorial Cmte
ENRON CORPORATION
HOUSTON, TX 6/30/2000 $15,000 Ashcroft Victory Cmte Non-Federal
ENRON CORP
HOUSTON, TX 12/23/1999 $20,000 Republican National Cmte
ENRON INTERNATIONAL
HOUSTON, TX 7/2/1999 $20,000 Democratic Senatorial Campaign Cmte
ENRON INTERNATIONAL
HOUSTON, TX 8/24/1999 $250 Democratic Senatorial Campaign Cmte
ENRON CORPORATION
HOUSTON, TX 5/9/2000 $250 Democratic Senatorial Campaign Cmte
ENRON CORP
HOUSTON, TX 11/29/2000 $1,075 National Republican Senatorial Cmte
HOGLUND, FORREST E
DALLASN, TX 5/11/1999 $25,000 Republican National Cmte
LAY, KENNETH L
HOUSTON, TX ENRON CORPORATION 3/2/1999 $25,000 Republican National Cmte
ENRON CORPORATION
HOUSTON, TX 3/31/1999 $25,000 Democratic Congressional Campaign Cmte
ENRON CORPORATION
HOUSTON, TX 3/31/1999 $25,000 Democratic Congressional Campaign Cmte
ENRON CORP
HOUSTON, TX 5/28/1999 $25,000 National Republican Senatorial Cmte
ENRON CORP
HOUSTON, TX 7/12/2000 $1,850 Republican National Cmte
ENRON INTERNATIONAL INC
HOUSTON, TX 12/15/1999 $25,000 Democratic National Cmte
ENRON CORPORATION
HOUSTON, TX 12/31/1999 $25,000 Democratic Congressional Campaign Cmte

That doesn't mean they lined the Bush Adminsitration anymore than stating the Trial Lawyers gave all of their money to Kerry.

Total Soft Money Donors (Democrat vs Republican)
http://www.opensecrets.org/softmoney/softtop.asp?txtCycle=2000&txtSort=amnt

Have fun...

posted May 25, 2006 07:58 PM              

*****

top enron donations
http://www.opensecrets.org/news/enron/enron_indiv.asp

bush vs clinton
http://www.opensecrets.org/news/enron/enron_pres.asp

arthur anderson, the document shredding accountants for enron (and previous employer of Harvey Pitt)
http://www.opensecrets.org/news/enron/andersen_totals.asp

**and furthermore.......

Enron Total Contributions
to Federal Candidates and Parties, 1989-2001*

TOTAL $5,951,570

26% Democrats

74% Republicans
http://www.opensecrets.org/news/enron/enron_totals.asp

posted May 25, 2006 08:04 PM            

Bush and Kerry received about the same amount of money in the 2004 election, which is not reflected in your post.

posted May 25, 2006 08:17 PM              

i wasnt sure why you posted that long list
of numbers from the site i had already
linked to.....

how many of marylands baseball sponsors
are going to jail for the rest of their lives?

and how many of those contributors to kerrys campaign?

posted May 25, 2006 09:00 PM              

quote:

---

Bush and Kerry received about the same amount of money in the 2004 election, which is not reflected in your post.--pidaua

---

what does the 2004 election have to do with anything?? enron went bankrupt in 2001.....

quote:

---

For the 2004 Presidential Election Enron
donated the following to Bush:

Total for this search: $10,250

---

who would even take a donation from enron in 2004??....junior i guess.....

hey i noticed the rubins company really likes junior.......

The top Contributors for Bush in 2004:

Citigroup Inc
$320,620

wow kerry mustve been mad!!

Citigroup Inc
$284,631

Kerry, John
AZRACK, JOSEPH F
LINCOLN,MA 01773
CITIGROUP PROP. INVESTERS/PRESIDENT
9/9/2004
$4,000

Robert Rubin left the Clinton Administration
and joined Citigroup as an executive in
October, 1999; he remains there to this
day.Enron was a debtor of Citigroup, http://en.wikipedia.org/wiki/Robert_Rubin

******

posted May 25, 2006 09:14 PM              

White House-Enron Ties Detailed
Papers Show Aides Seeking to Limit Bankruptcy's Damage

By Mike Allen and Dan Morgan
Washington Post Staff Writers
Friday, May 24, 2002; Page A01

As Enron Corp. slid toward a bankruptcy filing, the White House's top economic, policy and communications officials mobilized to minimize the damage to financial markets and to the Bush administration, according to new disclosures to Congress.

In the days before Enron filed the largest bankruptcy case in history, Karen P. Hughes, Bush's counselor, talked to press secretaries throughout the executive branch about how to handle news media calls about the company. Weeks before that, Deputy Chief of Staff Joshua B. Bolten had spoken to an assistant treasury secretary about how Enron's failure could affect the energy and financial markets, according to a chronology the White House provided to Sen. Joseph I. Lieberman (D-Conn.) on Wednesday evening after he subpoenaed the White House for a broader array of Enron-related documents.

Portions of the chronology document the deep ties between the Bush administration and Enron, including three phone conversations between former Enron chairman Kenneth L. Lay and Bush's senior adviser, Karl Rove. Yesterday, congressional investigators seized on sections showing that the administration was clearly worried about the potential impact of Enron's collapse on the fragile post-Sept. 11 economy.

Officials launched a series of previously undisclosed e-mail and conference call consultations that included the Council of Economic Advisers, the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission.

Until now, administration officials had portrayed Enron's financial troubles as a distant and even technical matter that was not their immediate concern. When White House press secretary Ari Fleischer was asked about Enron on Nov. 28, four days before the bankruptcy filing, he brushed off the question by saying that the Treasury Department was "keeping an eye on that" and referring further questions there.

In fact, eyes throughout the White House had focused on Enron since President Bush's inauguration. The chronology shows that the Houston energy trading company, whose top executives were some of Bush's earliest and most generous supporters, pursued a broad agenda with the administration that ended only after its huge losses and accounting irregularities became public.

The White House report suggests that Bush administration officials then became deeply concerned about the public relations and financial fallout of the Enron debacle. Lawrence B. Lindsey, Bush's chief economic adviser, said in a February note to Congress, included in the chronology, that he and his staff "increased the intensity of our monitoring of the energy and financial markets in an effort to assess the potential systemic impacts, if any, of Enron's failure."

Nothing in the report refutes the White House's contention that no official did anything or suggested doing anything to bail out Enron. White House Counsel Alberto R. Gonzales says in a letter accompanying the chronology that he has identified no case in which Enron approached anyone in the White House "seeking help in connection with its financial difficulties prior to bankruptcy." He says the communications in the chronology "reflect only appropriate and responsible actions by government officials."

However, the revelations have given new hope to Democrats that Bush's ties to Enron will prove politically damaging. House Minority Leader Richard A. Gephardt (D-Mo.), who had previously scheduled a "town hall meeting" with former Enron employees in Houston next Tuesday, said yesterday that Bush officials "really have a hang-up, it would appear, on the question of sending information from the White House to the Congress and to the American people."

Much more may be coming. A federal judge in Washington ruled yesterday that Judicial Watch, a government watchdog group, and the Sierra Club, an environmental group, may proceed with discovery proceedings in their effort to obtain records from Vice President Cheney's energy task force, which granted five meetings to Lay and other representatives of the company. U.S. District Judge Emmet G. Sullivan rejected the administration's argument that the court had no such authority.

Sharon Buccino, senior attorney for the Natural Resources Defense Council, which is also seeking records from Cheney's task force, said yesterday's decision could mean that the administration will have to produce minutes and rosters.

A senior administration official said the discovery might be conducted privately by the judge.

Lieberman, chairman of the Senate Governmental Affairs Committee, said he also plans to push for more material. "In many cases, they've left out details the committee asked for, such as who attended meetings or took part in communications and when all of the communications occurred," he said in a statement.

Anne Womack, a White House spokeswoman, said: "We're trying to be helpful to the committee. We're continuing to review documents and e-mail and visitors' records, and we want to continue to cooperate with the committee."

The White House chronology shows that before Enron began disclosing massive losses, the company repeatedly turned to the administration on matters as broad as the national energy policy being drafted under Cheney's direction, and as specific as problems that a subsidiary was having with the German government over perceptions of unfair competition in the German electricity market.

During Bush's first nine months in office, Robert McNally, a special assistant to Bush on energy policy, met with Enron representatives seven times and received at least one e-mail from Enron's chief Washington lobbyist, Linda Robertson, according to the White House chronology.

On April 6, McNally met with Lay and Robertson to discuss electricity issues and changes underway in the wholesale power markets in which Enron was a dominant player. At that meeting, there was a discussion of power "bundling," a topic before the courts and the Federal Energy Regulatory Commission. Enron was pressing both FERC and the courts to assert jurisdiction over retail sales by utility companies to promote a more seamless national wholesale electricity market.

The chronology says the main topics of McNally's conversations with Enron were electricity policy and "multi-pollutant" legislation to control harmful emissions from power plants. Enron, with major investments in relatively clean natural gas pipelines, favored legislation limiting carbon emissions from the coal-burning plants of electric utilities.

On Oct. 10, Enron officials briefed McNally and Andrew Lundquist, the executive director of Cheney's energy task force, about a liquefied natural gas project in Venezuela. The chronology does not say why the company felt it necessary to inform the White House about the project.

posted May 25, 2006 09:55 PM              

quote:

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As the Enron scandal began to balloon, Bush aide Mary Matalin complained that the Democrats were just making too much of things.

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The Texas Two-Step
by Paul Waldman

As President Bush endlessly told us during his 2000 campaign, he is a man of honesty and integrity. He takes responsibility. He does what's right. He sets an example for our children. He tells the truth.
So when the Enron scandal began to break and Bush was asked by reporters about his relationship with Enron chairman Ken Lay, one would have been forgiven for expecting Bush to admit that his ties to Enron are substantial. For the record, Lay is an old Bush family supporter, both of our current president and his father. Lay raised and contributed money for the senior Bush, who made him chairman of the organizing committee for the 1992 Republican convention in Houston. No company has given George W. more money over the course of his political career than Enron; Lay's first contributions to Bush were during his unsuccessful run for Congress in 1978. Lay donated $100,000 to Bush's gubernatorial campaigns (there are no contribution limits in Texas). During the 2000 presidential campaign, Bush flew around the country on a corporate jet provided by Enron. Enron contributed $100,000 to Bush's inaugural committee; Lay and Enron CEO Jeffrey Skilling each added $100,000 of their own. During the Florida recount, the Bush campaign set up a recount fund, limiting contributions to $5000. Both Lay and his wife gave the full amount. Add it all up, and since 1993 Enron and its employees have given Bush a grand total of $736,800. Oh, and the company gave the Republican party $1,138,990 in 2000; Lay himself has given the GOP $333,910 in soft money donations since 1998.

So let's just say the financial ties are pretty strong and go back a ways. But when Bush answered the reporters' questions about Ken Lay and Enron, you would have thought he was talking about somebody he barely knew. "He was a supporter of Ann Richards in my run in 1994," Bush said. "And she named him the head of the Governor's Business Council. And I decided to leave him in place, just for the sake of continuity. And that's when I first got to know Ken, and worked with Ken, and he supported my candidacy."

A number of commentators have pointed out that Bush's statement was the functional equivalent of "I did not have political relations with that company." This is certainly true of part of Bush's statement, that Lay "was a supporter of Ann Richards in my run in 1994." Like Clinton's denial of his relationship with Monica Lewinsky, Bush's statement is "true" under a tortured interpretation of the term "supporter." Yes, Lay contributed money to Richards' 1994 campaign, but he and his wife contributed three times as much to Bush during that race. And there was little question, particularly given the support Lay and Enron had given Bush's father and the Republican party, whom Lay really "supported." Bush wanted his listeners to believe that Lay favored Richards over Bush in that race, which is plainly not the case. Consequently, the statement is a lie under the most useful definition of the term, which is whether the speaker intends that the listener will come to a false conclusion.

As Bush continued, he said one thing that was simply ridiculous, then another that appears to be an outright lie. He said accurately that Richards appointed Lay to the Governor's Business Council, then claimed that "I decided to leave him in place, just for the sake of continuity." At this sentence, the reporters in the room must have had to stifle their giggles. Bush kept Lay on the commission for any number of reasons - to reward a contributor, loyal Bush family friend and supporter, and powerful Texas businessman, perhaps, but for the most part probably because he and Lay shared a common perspective on the role of government regulation of business (i.e. there shouldn't be any). When they have the power to change the makeup of commissions, governors don't keep people around "for the sake of continuity."

Bush then spoke what was almost certainly a lie, that after he took office in 1994, "that was when I first got to know him." Although details of their personal relationship have yet to emerge, the fact that Lay contributed to Bush in 1978, combined with the Enron chairman's support of his father (particularly in the 1992 campaign, in which George W. was actively involved), suggest that Bush probably "got to know" Lay much before he took office as governor. Once again, one could argue that Bush "first got to know" Lay after the 1994 campaign ended if we interpret the phrase to refer only to their becoming intimate friends, but that is neither the interpretation most people would make nor the one Bush wanted people to make.

Bush's denials of a relationship with Lay are hardly the most egregious lies a politician has ever uttered. But we should recall how Bill Clinton's one big lie was so similar to Bush's evasions. When Clinton said "I did not have sexual relations with that woman," he meant the term to refer only to sexual intercourse; however, he knew and hoped that most people would hear him to mean that he had never had any intimate contact with Lewinsky whatsoever. Clinton was then branded, not only by Republicans but by reporters as well, as the worst liar in the history of American politics. Bush's Enron denials, in contrast, have yet to lead any of the chattering class to reevaluate their judgment of Bush's fundamental integrity.

As the Enron scandal began to balloon, Bush aide Mary Matalin complained that the Democrats were just making too much of things. "They act like there's some billing records or some cattle scam or some fired travel aides or some blue dress," Matalin said. Had someone gotten some nookie on the side, now that would have been something awful. But thousands of people losing their jobs and their life savings? Stockholders defrauded? Documents destroyed in an apparent attempt to avoid detection by government authorities? A company that now appears to be little short of a criminal enterprise sitting in the White House making energy policy and determining who will regulate its activities? How could anyone think that something like that was important?

posted May 26, 2006 10:32 AM            

Bottom line, Bush did not lift a finger to help Ken Lay, Skiling or any Enron executives. Bush did not lift a finger to help Enron itself when Robert Rubin asked.

There were no illegal connections or even questionable connections between Bush and Enron or between Bush and Enron executives...including Ken Lay.

So all the speculation about Enron/Bush, Bush/Lay was and is speculative bullsh*t that didn't go anywhere because there wasn't anything there to begin with.

One last time.

Let me remind you all that Enron, Worldcom and all the other financial scandal corporations had their genesis of illegality in the 1990's. They and their corruption flourished under Commander Corruption, Janet Reno, the Clinton Justice Dept, Clinton SEC and the Clinton IRS in the "decade of greed".

Oversight was non existent and it appears no one bothered to take a close look at their books during the Clinton administration.

Was the Bush White House concerned about a multibillion dollar corporation or multiple billion dollar corporations going belly up during the recession and triggering a meltdown of the equities markets? Hell yes...DUH.

Bottom line, Bush cleaned up Wall Street and the Street is littered with the bones of those who the Bush Justice Department put in prison.

Personally, I would have liked to see some of the Bankers and Brokers go to jail too. Those who underwrote new issues..some of the spinoffs as IPO's and marketed them to the public. Those who knew what was going on with the publicly traded stock issues of some of the corporations...knew they were dogs but praised them to their clients.

They got slapped with some gigantic fines but in my opinion, they should have been frog marched into courtrooms.

The questions leftists don't want asked and most certainly don't want answered are:

Where was the Clinton Administration when all this corruption was flourishing right under their noses? What the hell were Clinton Administration appointees and auditors at Treasury, at IRS and the SEC doing while these corrupt corporate executives were writing fairy tales for quarterly and annual reports and publishing them for public consumption in violation of United States law?

posted May 26, 2006 01:28 PM              

quote:

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The only thing we need to know is that Bush stiffed Enron when he could have attempted to bail them out.--jwhop

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"and so he says to me "junior i know youve
got $20 billion$ or so stashed away in that
swiss bank account ....bail me out..." and i says
"kennyboy im sorry, but they already know
enron is tanking, if i do anything now i'll
wind up in the same jail cell with you and
angelboy skillin" ....hahhahahahahaha!!"