NewsTrust - Enron - Most Recent Stories

John 'Nuke Bailout' Bryson Must NOT Be Secretary of Energy

Sun, 07 Dec 2008 00:00:00 -0800

Common Dreams - By Harvey Wasserman - Dec. 07 (Opinion) - John Bryson will forever epitomize the bailout of the nuke power industry and the horrific catastrophe of electric utility deregulation, including the contrived energy crisis that cost Californians tens of billions of dollars and allowed them to be robbed by the disgraced Enron.

NewsTrust Rating: 3.9 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

California's data challenges EPA

Fri, 04 Jan 2008 00:00:00 -0800

Christian Science Monitor - By Mark Clayton, Daniel B. Wood - Jan. 04 (News Report) - California's ambitious plan to regulate greenhouse-gas emissions of cars and trucks would be more than twice as effective in reducing such gases by 2016 than the new federal fuel-economy law...Just how effective California's plan would be is important because EPA Administrator Stephen Johnson has specifically cited the new fuel-economy law...as a more effective national approach..when rejecting the state's request for a waiver from the Clean Air Act.

NewsTrust Rating: 3.6 average - 3 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Open Secrets

Mon, 01 Jan 2007 10:38:22 -0800

New Yorker - By Malcolm Gladwell - Jan. 01 (Special Report) - The prosecutor in the Enron case told the jury to send Jeffrey Skilling to prison because Enron had hidden the truth: You're "entitled to be told what the financial condition of the company is," the prosecutor had said. But what truth was Enron hiding here? Everything Weil learned for his Enron exposé came from Enron, and when he wanted to confirm his numbers the company's executives got on a plane and sat down with him in a conference room in Dallas.

NewsTrust Rating: 5.0 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

By claiming he's guiltless, Skilling proves he's clueless

Tue, 24 Oct 2006 06:59:20 -0700

USA Today - Oct. 24 (Opinion) - At Monday's court hearing in which he received a 24-year prison sentence, former Enron CEO Jeffrey Skilling remained defiant. "I am innocent of these charges," he told U.S. District Judge Sim Lake. "I'm innocent of every one of these charges."

NewsTrust Rating: 3.4 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Ken Lay, Enron founder, dead at 64

Wed, 05 Jul 2006 11:56:22 -0700

CNN - By Shaheen Pasha - Jul. 05 (News Report) - NEW YORK (CNNMoney.com) -- Enron founder Kenneth Lay died early Wednesday in Aspen, Colo., a family spokeswoman said. Lay, 64, was awaiting sentencing after being found guilty of conspiracy and fraud in the Enron trial in May. In a statement, spokeswoman Kelly Kimberly said, "The Lays have a very large family with whom they need to communicate, and out of respect for the family we will release further details at a later time." A spokeswoman for Aspen Valley Hospital confirmed that Lay arrived at the hospital at 1:41 a.m. MT and was pronounced dead at 3:11 a.m. MT. CNN affiliate KPRC in Houston said Lay was admitted to the hospital with a massive coronary. In a statement, the Pitkin County Sheriff's office said a coroner's autopsy is pending and autopsy results will be available later this week.

NewsTrust Rating: 2.9 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Bush's Enron Lies

Fri, 26 May 2006 19:01:16 -0700

Consortium News - By Robert Parry - May. 26 (Editorial) - As Enron’s crisis worsened through the first nine months of Bush’s presidency, Lay secured Bush’s help in three key ways: --Bush personally joined the fight against imposing caps on the soaring price of electricity in California at a time when Enron was artificially driving up the price of electricity by manipulating supply. Bush’s resistance to price caps bought Enron extra time to gouge hundreds of millions of dollars from California’s consumers. --Bush granted Lay broad influence over the development of the administration’s energy policies, including the choice of key regulators to oversee Enron’s businesses. The chairman of the Federal Energy Regulatory Commission was replaced in 2001 after he began to delve into Enron’s complex derivative-financing schemes. --Bush had his NSC staff organize that administration-wide task force to pressure India to accommodate Enron’s interests in selling the Dabhol generating plant for as much as $2.3 billion.

NewsTrust Rating: 4.2 average - 12 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Bush's Enron Lies

Fri, 26 May 2006 19:01:16 -0700

NewsTrust Rating: 4.2 average - 12 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Lay Convicted, Bush Walks

Thu, 25 May 2006 13:00:53 -0700

TruthOut - By Greg Palast - May. 25 (Editorial) - Peninsula Hotel, Beverly Hills. May 17, 2001. The Financial Criminal of the twentieth century, not long out of prison, meets with the Financial Criminal of the twenty-first century, who fears he may also have to do hard time. These two, bond-market manipulator Mike Millikin and Ken Lay, not-yet-indicted Chairman of Enron Corporation, were joined by a selected group of movers and shakers - and one movie star. Arnold Schwarzenegger had been to such private parties before. As a young immigrant without a nickel to his name, he put on private displays of his musculature for guests of his promoter. As with those early closed gatherings, I don't know all that went on at the Peninsula Hotel meet, though I understand Ahnold, this time, did not have to strip down to his Speedos. Nevertheless, the moral undressing was just as lascivious, if you read through the 34 page fax that arrived at our office.

NewsTrust Rating: 4.2 average - 6 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Lay and Skilling Convicted: Ongoing Reaction

Thu, 25 May 2006 19:39:32 -0700

Professor Bainbridge - By Professor Bainbridge - May. 25 (Opinion) - The acquittal of Skilling on some of the insider trading counts suggests the jury approached the issues with an open mind, contrary to defense claims that they could not get a fair trial in Houston. It's not the crime, it's the cover up. The real crimes at Enron mainly consisted of turncoat government witness Andrew Fastow's shady deals, but Skilling and, especially, Lay are going down for improperly misrepresenting Enron's fortunes.

NewsTrust Rating: 3.6 average - 3 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Lay, Skilling convicted in Enron collapse

Thu, 25 May 2006 19:35:09 -0700

Associated Press - By Kristen Hays - May. 25 (News Report) - HOUSTON - Kenneth Lay and Jeffrey Skilling were convicted of conspiracy and fraud Thursday by a federal jury that laid blame for one of the biggest business scandals in U.S. history squarely on Enron Corp.'s two former top executives. Jurors found that the once-wealthy and powerful corporate chiefs repeatedly lied to cover up accounting tricks and business failures that led to its 2001 demise. The collapse wiped out more than $60 billion in market value, almost $2.1 billion in pension plans and 5,600 jobs. The verdict came in the sixth day of deliberations following a criminal trial that lasted nearly four months. Lay was also convicted of bank fraud and making false statements to banks in a separate, non-jury trial before U.S. District Judge Sim Lake related to Lay's personal finances.

NewsTrust Rating: 3.3 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer