USNewsLink Digital
af1redux.jpg (32840 bytes)

"TAXES" EXPRE$$
The plane the Enron Administration rode to the White Hou$e

The role of the Bush administration, which is renowned for its close links with Enron, has come under close scrutiny since the collapse of the energy company.

Enron was a major donor to President George W. Bush's 2000 presidential campaign, and was one of a small group of energy companies thought to have been behind much of the administration's energy policy.

The Bush administration has admitted that Enron chairman Kenneth Lay made phone calls to senior government officials late last year as the company neared bankruptcy.


The Enron scandal has far reaching political and financial implications.

In just 15 years, Enron grew from nowhere to be America's seventh largest company, employing 21,000 staff in more than 40 countries.

But the firm's success turned out to have involved an elaborate scam.

Enron lied about its profits and stands accused of a range of shady dealings, including concealing debts so they didn't show up in the company's accounts.

As the depth of the deception unfolded, investors and creditors retreated, forcing the firm into Chapter 11 bankruptcy in December.

White House reveals Enron documents
Thousands of pages of secret documents detailing links between the Bush administration and Enron are made available for scrutiny.

Enron suit implicates nine US banks
Angered Enron shareholders amend their suit to include some of Wall Street's best-known investment bankers, accusing them of fraud.

 Additional reading: Enron's Bust:
Was it the result of Over-Confidence or a Confidence Game?

 

wpe18.jpg (2018 bytes)
American Red Cross

USNewsLink
BUSINESS JOURNAL™

USNewsLink Is For Sale

BUY JUDITH HANEY'S NEW BOOK

Judith Haney's Archives

Anti-Phishing Working Group

HIV/AIDS Prevention

FCC complaint form to report junk faxes & telemarketing