Current Events — HabitableZone

Current Events » in reply to Global Crossing is not the biggest bankruptcy that America (the world?) has ever seen. Enron is.

Enron's connection is to Congress as well

Enron donated money to over 70 Senators and a high percentage of the House, both Republicans and Democrats. This effort to paint it as mainly a Bush Administration problem is pretty transparent.

Furthermore, Enron's apparently shady operations have been going on for years. They didn't start on Jan 20, 2001 when Bush took office.

Right now, we're still early in the investigation phase. I suspect there will be a lot of stink to go around before it's all finished. I've read that about 15 members of Bush's administration owned Enron stock. If there is any evidence they used their position to benefit themselves or the company then they deserve to be hammered. On the other hand, if they got burned like countless other Enron investors then I don't see a conflict of interest. We do know that Enron officials did contact some of Bush's cabinet asking for help but were turned down. If that's all that happened, and no one seems to know for sure right now, then I fail to see anything unethical or illegal by Bush or his officials.

As for Global Crossing, they were a $24 billion dollar company. From what I've read, theirs is the 4th largest bankrupsy. While still smaller than Enron, $24 billion isn't exactly chump change. It remains to be seen if McAullife acted improperly as this article implies. It does strongly suggest that corporate ties aren't limited to Republicans.

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