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Tag: Enron


The Way to Stop Corporate Lawbreaking Is to Prosecute the People Who Break the Law

Who’s really to blame when a big corporation breaks the law? The government thinks it’s the corporation itself. Wrong.

Posted on Jun 5, 2014 READ MORE



AP/Pat Sullivan

Ex-Enron CEO Jeffrey Skilling’s Prison Sentence Reduced

As the former CEO of Enron, Skilling played a major role in what’s been called “one of the biggest corporate scandals ever.” But because of a deal reached with federal prosecutors Friday, he’ll get out of prison 10 years early.

Posted on Jun 23, 2013 READ MORE


enron explorer

Early Prison Release for Enron’s Skilling, Trump Hits New Low, and More

A look at the day’s political happenings, including three whistle-blowers testify before a House panel on September’s attacks in Benghazi and Michele Bachmann sees more trouble related to her 2012 presidential campaign.

Posted on May 8, 2013 READ MORE


Jeff Skilling

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Posted on Apr 5, 2013 READ MORE



AP/Michael S. Green

Crony Capitalism’s Power Couple

Where are Phil and Wendy Gramm hiding now that UBS, like Enron before it, has been nailed by the G-men?

Posted on Dec 21, 2012 READ MORE



ssoosay (CC BY 2.0)

The Care and Feeding of a Corporate Propagandist

Over the last decade, New Yorker columnist Malcolm Gladwell has managed to metamorphose from a trained shill for Big Tobacco, Big Pharma and the deregulatory movement into an intellectual darling of mainstream “liberal” America. How did he do it?

Posted on Jun 21, 2012 READ MORE


Cheney’s New Book

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Posted on Sep 4, 2011 READ MORE



American Solutions

Is Rampant Speculation Driving Up the Price of Oil?

It seems everyone’s got a pet theory about why the price of oil has jumped roughly 30 percent since the start of the year. Right- wingers blame a conspiracy hatched by President Barack Obama to strangle domestic oil production and push his “radical” green agenda on an unsuspecting America ... (more)

Posted on Apr 28, 2011 READ MORE



Flickr / PetroleumJelliffe

WikiLeaks Going After Big U.S. Bank

Having made its indelible mark on U.S. foreign relations of late, WikiLeaks is taking on another considerable force for its next act, targeting an as-yet-unnamed major U.S. bank with a big reveal planned for early next year.

Posted on Nov 29, 2010 READ MORE



AP / LM Otero

The Life and Times of Bush the Clueless

The Harvard MBA is the degree that George W. Bush and his last treasury secretary, Henry Paulson, had in common, and their shared ignorance as they presided over the collapse of the U.S. economy is on full display in the former president’s newly published memoir.

Posted on Nov 10, 2010 READ MORE


ENTER_ALT_TEXT

Bethany McLean on Madoff

Amy Goodman talks with Bethany McLean, pictured, a contributing editor at Vanity Fair and one of the journalists responsible for exposing the Enron scandal in 2001, about Bernie Madoff and what his 150-year sentence means on Wall Street. Check out this clip from Tuesday’s “Democracy Now!”

Posted on Jun 30, 2009 READ MORE


Gramm
reedernichols.wordpress.com

Endgame for Gramm?

One wonders if Phil Gramm has been made just a tad nervous by the news on Tuesday that one of UBS’ super-wealthy private clients has pleaded guilty to tax evasion.

Posted on Apr 14, 2009 READ MORE


Cheney and Bush
AP photo / Ron Edmonds

Cheney’s Legacy of Deception

In the end, the shame of Vice President Dick Cheney was total: unmitigated by any notion of a graceful departure, let alone the slightest obligation of honest accounting.

Posted on Dec 23, 2008 READ MORE


Wall Street crisis
AP photo / Richard Drew

Economic Meltdown: Don’t Say We Weren’t Forewarned

Has the war on terrorism become the modern equivalent of the Roman Circus, drawing the people’s attention away from the failures of those who rule them? Corporate America is a shambles because deregulation, the mantra of our president and his party, has proved to be a license to steal.

Posted on Sep 19, 2008 READ MORE


Bush and the Reagans
AP photo / Kevork Djansezian

The Real Legacy of the ‘Reagan Revolution’

McCain campaign co-chair Phil Gramm is right: We have “become a nation of whiners.” But who is whining more than the bankers that former Sen. Gramm’s financial deregulation legislation benefited? The very bankers who now expect a government bailout, such as those at UBS Investment Bank, where Gramm found lucrative employment.

Posted on Jul 15, 2008 READ MORE


Oil Mania

There’s nothing like the Saudi version of straight talk to put in perspective the tongue-twisting of American politicians.

Posted on Jun 23, 2008 READ MORE


Gibney
Truthdig

Alex Gibney in Conversation With Robert Scheer

Truthdig Editor Robert Scheer interviews documentarian Alex Gibney about his 2008 Academy Award-winning documentary, “Taxi to the Dark Side,” a compelling examination of the circumstances that led Americans to commit torture.

Posted on Feb 24, 2008 READ MORE


Robert Scheer: Enron’s Enablers Go Unpunished

“Kenny Boy” Lay and Jeffrey Skilling would have remained small-time crooks were it not for the energy industry deregulation measures they effectively purchased from Bush I and II.

Posted on Oct 24, 2006 READ MORE


enron explorer

The Enron Files (Juicy Bits Too)

The “Enron Explorer” offers the politically inclined voyeur access to all 200,000 e-mails released during the fraud investigation. The “visualizer” is an excellent tool that creates a visual representation of each executive’s social network. Hopefully they’ll map the Abramoff scandal next.  (Via boingboing.net)

Posted on Oct 24, 2006 READ MORE


Jeffrey Skilling
aktualne.centrum.cz

Skilling Gets 24 Years

Still maintaining his innocence, former Enron CEO Jeffrey Skilling was sentenced Monday to 24 years for his role in the collapse of the energy giant.  Skilling’s remaining assets will be liquidated, with about $45 million going to a victims’ fund.

Posted on Oct 23, 2006 READ MORE


Quote of the Week

This quote, made in the context of the Lamont-Lieberman Connecticut Senate race, tells you everything you need to know about the degree to which special interests have their hooks into Lieberman.

  • The good news, however, is that the polls show that the public is recognizing the truth about Lieberman.
  •  

     

    Posted on Aug 4, 2006 READ MORE


    Bush on Ken Lay
    From ThinkProgress

    Bush Rewrites History on Lay

    President Bush told Larry King that deceased Enron founder Ken Lay was “a good guy.” That’s just patently false. A jury confirmed as much. And as for Lay’s crimes, Bush said he was “disappointed.”

  • Memo to Bush: “Disappointed” is dropping an ice cream cone in the mud. Leaving thousands of employees with worthless pension plans and profiting wildly by knocking California off the power grid ... that’s a bit more than “disappointing.”
  •  

    Posted on Jul 7, 2006 READ MORE


    Ken Lay, Former Enron CEO, Dies of Heart Attack

    Enron Corp. founder Ken Lay, who six weeks ago was found guilty in one of the biggest corporate scandals in U.S. history, and who was expected to face decades in prison for his fraud and conspiracy convictions in the Enron collapse, died of a heart attack on Wednesday. He was 64.

    Posted on Jul 5, 2006 READ MORE


    Robert Scheer: Bush Links Energized Enron

    The Bush family consistently acted to put Enron and its longtime CEO, Ken Lay, into a position to rip off investors and taxpayers. Why is the mass media ignoring that fact now that Lay has been convicted in arguably the most egregious example of white-collar fraud in U.S. history?

    Posted on May 30, 2006 READ MORE


    Molly Ivins: Reform the System Or Lose the Democracy

    Kenny Lay paid heaps in campaign contributions to use our president as his “errand boy,” and democracy faltered.

    Posted on May 30, 2006 READ MORE


    Enron Jurors
    AP / Pat Lopez

    Truthdiggers of the Week: The Enron Trial Jurors

    Truthdig salutes the 12 jurors who sacrificed four months of their lives to sift through the lies of former Enron chiefs Ken Lay and Jeffrey Skilling, convicting them on 25 counts of conspiracy to commit securities and wire fraud. Interviewed after the case, jurors were incredulous that the two former titans were unaware of the crimes at their company. “Skilling was supposed to be a hands-on individual,” one juror told a newspaper. “It’s hard to believe a hands-on individual wouldn’t know what was going on.”

    Posted on May 27, 2006 READ MORE


    Bush and Ken Lay
    From rotten.com

    The Enron Story Everyone Is Missing: The Bush-Ken Lay Connection

    Former Enron Chief Ken Lay may stand convicted, but as Truthdig Editor Robert Scheer has been writing for years, no accounting of the Enron scandal will be complete until we have full disclosure of Lay’s entanglements with the White House. Check out this classic Scheer column: “Enron is Whitewater in spades. This isn’t just some rinky-dink land investment like the one dredged up by right-wing enemies to haunt the Clinton White House—but rather it has the makings of the greatest presidential scandal since the Teapot Dome.”

    Posted on May 26, 2006 READ MORE


    Mr. Fish - The Unicorn of Enron

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    Posted on May 26, 2006 READ MORE    


    Bush Rallies His Base

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    Posted on May 26, 2006 READ MORE


    Lay and Skilling

    A Verdict on an Era?

    That’s what the N.Y. Times calls the conviction of Enron honchos Ken Lay and Jeff Skilling. But Truthdig contributing cartoonist Mr. Fish has a different perspective (click here to see the full cartoon).

  • Truthdig editor Robert Scheer has written about the crooks from Texas in his new book, “Playing President.” Click here to read some of those classic columns.

  • Posted on May 25, 2006 READ MORE


    Lay, Skilling Convicted in Enron Collapse

    The “smartest guys in the room” weren’t smart enough to avoid conviction on securities and wire fraud conspiracy charges in one of the biggest business scandals in U.S. history. After six days of deliberation, the jury rejected Ken Lay’s and Jeff Skilling’s testimony as lies.

    Posted on May 25, 2006 READ MORE


    Molly Ivins: Don’t Make a Martyr of Moussaoui

    “If I were to make an argument against the death penalty for Moussaoui, it would be on grounds of practical public relations. Why let this guy have martyrdom and world fame when we could just put him away?”

    Posted on Apr 19, 2006 READ MORE


    Fastow: Enron’s Lay ‘Lied About Enron Finances’

    The energy company’s former CFO testifies that Ken Lay, the former CEO, lied about the company’s financial situation in the months before the company’s collapse.

    Posted on Mar 9, 2006 READ MORE


    enron_fastow
    David J. Phillip / AP Photo

    Former Enron CFO Implicates Skilling

    Andrew Fastow, the company’s former chief financial officer, testifies that he concocted fraud in face-to-face meetings with Enron’s chief executive, Jeffrey Skilling.
    Also, check out Robert Scheer’s latest column on Enron, or a compendium of earlier ones.

    Posted on Mar 8, 2006 READ MORE


    Enron Elephant
    Illustration by Karen Spector

    Put the Politicians in the Enron Docket

    There simply would be no Enron story were it not for the deregulation of the energy market ushered in by Republican politicians.

    Posted on Jan 31, 2006 READ MORE


    Enron Is Back!

    The scoundrels at Enron might finally get their due with the start of the much-anticipated fraud trial in Houston. Check out some of the columns Truthdig Editor Robert Scheer has written over the course of the scandal.

    Posted on Jan 29, 2006 READ MORE


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