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enron

thebutcherthebutcher Member Posts: 374 ✭✭✭
edited January 2002 in General Discussion
>>> How Enron Worked the President .. (This is an interesting bit of
>>> information that you don't hear much about.)
>>> A. Enron's chairman did meet with the President and the Vice
>>> President in the Oval Office.
>>> B. Enron gave $420,000 to the president's party over three
>>> years.
>>> C. It donated $100,000 to the president's inauguration
>>> festivities.
>>> D. The Enron chairman stayed at the White House 11 times.
>>> E. The corporation had access to the administration at its
>>> highest level and even enlisted the Commerce and State Departments to
>>> grease deals for it.
>>> F. The taxpayer-supported Export-Import Bank subsidized Enron
>>> for more than $600 million in just one transaction.
>>> G. BUT...the president under whom all this happened WASN'T
>>> George W. Bush.
>>> It was Bill Clinton!
>>> Pass this on so the whole Country will know. The Media Won't!
>>> ARE WE READY FOR MRS. CLINTON?
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Comments

  • thebutcherthebutcher Member Posts: 374 ✭✭✭
    edited November -1
    On a previous post, the Enron mess was brought up. Does anyone care about this?
    The definition of an "expert":An "X" is an unknown quantity and a "spurt" is a drip under pressure.
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  • thebutcherthebutcher Member Posts: 374 ✭✭✭
    edited November -1
    What with all the excitement and ink over "Enron", what kind of a stir could "WTP", get if we were to indict 51 U.S. Senators for the continued debasement of our currency?
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  • thebutcherthebutcher Member Posts: 374 ✭✭✭
    edited November -1
    what makes me think we're going to pay for this
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  • GreenLanternGreenLantern Member Posts: 1,647 ✭✭✭
    edited November -1
    IF YOU HAVE A 401K THEN YES! It should be a wake up call to anyone who has one to take a good look at it and make sure you're diversified. All the people at the bottom of the ladder lost everything because too much of they're 401K money was put into company stock, that then tanked!
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  • idsman75idsman75 Member Posts: 13,398 ✭✭✭
    edited November -1
    Anyone with a basic understanding in investing knows to diversify. I just think it is idiocy to lay it on the lap of the President which is what the libs are trying to do. If the President did something to benefit Enron, then it would look like Enron was buying special priviledges with campaign contributions. If the President told all of Enron's stockholders to sell sell sell, then who would buy it after those signals?
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  • He DogHe Dog Member Posts: 51,593 ✭✭✭✭
    edited November -1
    dubya was not alone, enron made contributions to virtually every pol in Texas
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  • turboturbo Member Posts: 820 ✭✭✭✭
    edited November -1
    Don't stop in Texas. If one is to believe the news service, how about 70% of the congress.Just trying to keep the thread on track, here.[This message has been edited by turbo (edited 01-15-2002).]
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  • pops401pops401 Member Posts: 616 ✭✭✭✭
    edited November -1
    Dubya? Cheneygate!!
    Gun control is not about guns; it's about control.
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  • Master7thSonMaster7thSon Member Posts: 229 ✭✭✭
    edited November -1
    The liberal commie leftists will trump up any witch-hunt sewage they can to try to subvert our "W" because he dares to stand up for whats right
    that has all the commies crawling from under the rocks.---concerning Enron----curious as to how many others watched The O'reilly factor last night?
    and what you thought of so & so's rather lame argument?
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  • mudgemudge Member Posts: 4,225 ✭✭
    edited November -1
    I know some of you don't like Rush, but here goes anyway.Yesterday he was trying to explain the Enron mess and said that he'd spent about half a day going back through records to find out who sold what and when. He says that all the records he investigated indicated that the "big boys" at Enron did not get as rich as they could have. That Mr. Ley's stock, at one point in 2001 was worth about $3 Billion.When he sold his stock, he got $100 million for it. Also the myth that the rank and file employees were prohibited from selling their stock is bogus. The stock freeze didn't go into effect until the end of October and after that, there is no evidence that ANYBODY at Enron sold ANY stock.True, there were some shady dealings which included some folks at Arthur Anderson and those should be investigated.As far as a political scandal...no way.Dubya's hands are clean on this one. Mudge the reliable
    I can't come to work today. The voices said, STAY HOME AND CLEAN THE GUNS!
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  • GreenLanternGreenLantern Member Posts: 1,647 ✭✭✭
    edited November -1
    The Dems are already singing a different tune. First they claimed that the white house was in bed with enron. Then when they found out that the administration didn't do anything after the enron phone calls, they're now saying that the Bush people didn't do anything to protect the little guys.
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  • competentonecompetentone Member Posts: 4,696 ✭✭✭
    edited November -1
    mudge,Excellent points. _____________thebutcher,If you own 300 shares of Enron, you care.Delisted today...oh well, you win some, you lose some...
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  • edharoldedharold Member Posts: 465 ✭✭✭
    edited November -1
    I had 300 share of Enron at $80, so I got creamed pretty good. However, I made the decision and I live with the consequences. This idea that the government or anyone else is going to protect us from our own bad decisions is ridiculous. Reagan about bankrupted us with the bail out of the Savings and Loans, I hope Bush, Jr. doesn't go there.
    "They that would give up liberty to obtain safety deserve neither liberty nor safety"Benj. Franklin, 1759
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  • pops401pops401 Member Posts: 616 ✭✭✭✭
    edited November -1
    What a bummer, going from 3b to a lousy 100m.Some days it doesn't pay to get up!
    Gun control is not about guns; it's about control.
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  • turboturbo Member Posts: 820 ✭✭✭✭
    edited November -1
    The Demos MO is to make an issue that will confuse and divide concerned citizens, the best defence against this is for concerned citizens to stay well informed and critically examine the FACTS, and don't fall for the isuues raised, concerning the poor.There were no poor investors in ENRON, they might have become poor after the stock hit bottom but lets face it, investing in the stock market is like gambling. There is always more losers than winners.
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  • Judge DreadJudge Dread Member Posts: 2,372 ✭✭✭✭✭
    edited November -1
    Another "Swordfish" like black-ops money laundering pyramid I hope the good people left in the US goverment lock them UP in jail......
    ? ? ? ? ? ? ? ░ ▒▒
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  • thebutcherthebutcher Member Posts: 374 ✭✭✭
    edited November -1
    I think that you are probably right, mudge.Apart from what you said, though I do think it is worth looking into. If this is just a bad investment, then that is one thing. If there is corruption and theft, someone needs to stop it. If someone comes into your store and steals your money, I hope the government comes in and takes a look at it. Regardless, I doubt that W had anything to do with it.HOWEVER, if this was a member of the other party in office, I wonder how many would be screaming for blood?!?!?
    The definition of an "expert":An "X" is an unknown quantity and a "spurt" is a drip under pressure.
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  • salzosalzo Member Posts: 6,396 ✭✭
    edited November -1
    The other party? The other party took quite a bit of money from Enron. There is policy that Clinton did that seems to be a direct result of Enron contributions(cant link anything like that to Dubya). Furthermore, goog guy Joe Lieberman, who is heading the commitee that will investigate this Enron mess, was the recipient of contributions from Enron. Now everyone was screaming about Ashcroft receiving contributions. Ashcroft recused himself from investigations. How bout the Muppet Lieberman? How come no one is screaming for him to recuse himself?
    Happiness is a warm gun
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  • turboturbo Member Posts: 820 ✭✭✭✭
    edited November -1
    Salzo, Imagine ole Lieberman casting the first stone; cause he's deemed himself to be without sin. Alot of what had originally been reported in the news and echod by the liberals, turns out to be false.As for wrong doing, there is plenty that appears the officers together with their own accounts, appear to have done, to hurt this business.This investigation is for the purpose of embarassing the white house. Nice try.What a joke.
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  • turboturbo Member Posts: 820 ✭✭✭✭
    edited November -1
    Salzo, Imagine ole Lieberman casting the first stone; cause he's deemed himself to be without sin. Alot of what had originally been reported in the news and echod by the liberals, turns out to be false.As for wrong doing, there is plenty that appears the officers together with their own accounts, appear to have done, to hurt this business.This investigation is for the purpose of embarassing the white house. Nice try.What a joke.
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  • salzosalzo Member Posts: 6,396 ✭✭
    edited November -1
    Turbo- Unfortunately, often just an accusation, no matter how ridiculous it is, can have staying power in the minds of the ignorant electorate.
    Happiness is a warm gun
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  • rmeyerrmeyer Member Posts: 566 ✭✭✭✭
    edited November -1
    Enron wasn't just a case of bad investing. Sure the folks who lost their money should have diversified but Enron deliberatly hid their debt to make their stock look good. That is fraud. Their employees were also prohibited from selling their stock in their 401k's while executives weren't. Perfect example of the rich getting richer while the working man got stiffed. People should be outraged that thousands of hard working people lost their savings because of several crooked,greedy millionares.
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  • thebutcherthebutcher Member Posts: 374 ✭✭✭
    edited November -1
    I think that if it was Billy Boy, people would be up in arms because he is a fleabag, not because he is a liberal. I trust W more.
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  • GreenLanternGreenLantern Member Posts: 1,647 ✭✭✭
    edited November -1
    Right on the mark, rmeyer!
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  • rmeyerrmeyer Member Posts: 566 ✭✭✭✭
    edited November -1
    Thanks GreenLantern. Some people just dont take the time to be informed. Washington did know in advance and should've stepped in to prevent the little guy from getting ripped off. I also think they should freeze the assets of these executives until this is all sorted out.
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  • simonbssimonbs Member Posts: 994 ✭
    edited November -1
    Ed Harold,I just did the math on your stock. Ouch.
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  • turboturbo Member Posts: 820 ✭✭✭✭
    edited November -1
    Meyer, You are echoing what has already been rejected as false.Employees, were NOT, according to news reports prevented from selling thier stock. Read and reread Mudge's post, these seem to be agreed to by several sources in todays news.They didn't sale because they couldn't; because of the fact there were no buyers, by the time they heard their stock was worthless; all of the saleing off had taken place by the brass.You are correct in that there appears to be wrong doing, INTERNALLY, within the corporation, and the accounting firm retained by enron, apparently they, did not make the certain facts known to there investors, and my understanding is they also falsified government reports.And it appears the investors here may have a cause for action against the governing board, and the accounting firm.Nevertheless, the Federal Government is under no obligation to annouce to the public or investors, about the value of stocks of private or public held corporations. Imagine what a stampede it would cause; if government officials cried wolf everytime they heard about stock rising and falling in every corp. The role of the Federal Government is not to be, "A BABY SITTER".And quite frankle I would not want the government to play that role. As I said before investing in the stock marke, is a crap shoot. Investors beware.But, whats happening here, is the Demos are fanning the flames to get the "ignorant electorate" (Salzo's words) to give an ear, and give some sort of legitimecy to conduct a withchhunt, so they can point fingers, and find a scapegoat, that had nothing to do with the collapse of this company.Mainly the President, or the Republican party.[This message has been edited by turbo (edited 01-16-2002).]
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  • salzosalzo Member Posts: 6,396 ✭✭
    edited November -1
    Turbo- Well said.More than half of the electorate voted for ALGORE. The other half voted for George Bush- If that does not show the ignorance of the electorate, I dont know what does.
    Happiness is a warm gun
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  • john carrjohn carr Member Posts: 1,717 ✭✭✭✭✭
    edited November -1
    One point of shining light in this mess is that one of the recipients of Enron's political contributions was, your friend and mine, Chuckie Schumer. The Sociocrats won't dig too deep on this one. No one is going to jail. Too much guilt to go around.
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