Enron: The Bush Connection
Fri May 26, 2006 18:52


* Enron Execs Found Guilty on Multiple Conspiracy, Fraud Charges *

The two top figures in the Enron corporate scandal have been found guilty.
On Thursday Enron founder Ken Lay was convicted on 10 counts of conspiracy,
securities fraud, wire fraud, bank fraud and for making false statements to
banks. Enronıs former CEO Jeffrey Skilling was also convicted on 19 of 28
counts. With Layıs conviction, one of President Bushıs top financial backers
is now facing the possibility of spending the next 30 years in prison. We
speak with investigative journalists Robert Bryce and Greg Palast.


* Enron: The Bush Connection *

Enron founder Ken Lay and his family rank among President Bushıs biggest
financial backers of his political career. The family donated about $140,000
to Bushıs political campaigns in Texas and for the White House. The
president personally nicknamed Ken Lay 'Kenny Boy.' Our guest Greg Palast
examined the connections between Enron and the Bush administration in his
documentary ³Bush Family Fortunes.²


* Enron Played Central Role in California Energy Crisis *

Six years ago, California was plunged into an unprecedented energy crisis.
Rolling blackouts shut down parts of the state. Power bills soared. It
turned out that at the center of the crisis was Enron ­ although the
companyıs role wasnıt fully understood at the time. We play excerpts of
audiotapes that proved Enron asked power companies to take plants offline at
the height of the California energy crisis - in order to make more money.


* Enron - The Smartest Guys in the Room *

We bring you an excerpt from the documentary "Enron - The Smartest Guys in
the Room" - based on the book of the same name by Bethany McLean and Peter


* Headlines for May 26, 2006 *


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Blind Faith: How Deregulation and Enron's Influence Over Government Looted Billions from Americans

The message was a familiar one. What's good for Enron ( insert your corporate name here in return for the appropriate campaign donation) is good for America. The Enron debacle is potentially so dangerous for Bush because it makes it painfully clear that the old equation does not hold. The Enron executives got rich even as their company was plunging into the abyss, taking its employees with it.

Bush "was in bed with Enron before he ever held a political office," reports Craig McDonald, director of Texans for Public Justice.

George W. Bush has good reasons for trying to minimize his relationship with Lay and Enron in the dying days of his father's presidency. After Clinton's 1992 victory, Enron pushed hard to exempt its energy futures contracts from regulatory oversight before the new Clinton Administration took office.

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