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I started a Enron thread mybe a week or so ago but non the less I may have come off a little strong in my opening statement. Sorry you guys.
It is true that the Bush administration refused to help Enron ward off bankruptcy. But those who suggest this exonerates the existing campain finance system are a little off the point here. Everyone is on the take.. both parties. Enron and its officers donated $1.7 million in the 2000 election board. 70% which came from soft money. I'll bet alot of that money is heading back their way real soon. Damage control 101.
In 1998 the head of the Comodity Futures Trading Commision suggested oversite. But congress buried the proposal because industry participants did not want to be regulated.
The Enron scandal will take a long time to figure out..But the work on soft-moneys and campain finance are well under way. Congress will do something for sure now. The Senate has already passed a fairly good bill thus forcing a vote in the House.
This is where we need changes IMHO.
I wouldn't be surprised if I walked outside and saw shredded paper blowing around right now... [img]smile.gif[/img]
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