Enron

Understanding The Enron Loophole What McCain Doesn't Want You To Known Phil Gramm is McCain's chief economic adviser. Gram played a key role in passing legislation that let Enron trade commodities on ...

Keith Olbermann delivered a special report Wednesday on the "Enron loophole" -- a regulatory gap that is the single greatest cause of out-of-control gasoline prices -- and how McCain's leading advisors created that loophole. John McCain voted to close the Enron loophole in 2002 and 2003, but during this election he's never mentioned it.read more | digg story

A new Bollywood film on a shrewd businesswoman’s plan to build a power plant caught up in development politics is drawing comparisons with the controversy behind the failed Indian project of U.S. utilities giant Enron. "Sarkar Raj," starring Bollywood’s first family the Bachchans, has an uncanny resemblance to the real-life drama involving powerful politician Balasaheb Thackera

A new Bollywood film on a shrewd businesswoman’s plan to build a power plant caught up in development politics is drawing comparisons with the controversy behind the failed Indian project of U.S. utilities giant Enron. "Sarkar Raj," starring Bollywood’s first family the Bachchans, has an uncanny resemblance to the real-life drama involving powerful politician Balasaheb Thackera

If a Senate study concluded that legislation signed by President George W. Bush and supported by Halliburton was partially responsible for today's high oil and gas prices, do you think you would have heard about it? Well, such a report was released by the Senate. However, the president that signed the law in question was William Jefferson Clinton, and the company that strongly lobbied for its passage was Enron. Yet, mysteriously, this study was almost completely ignored. On June 26, Senators Norm Coleman (R-Minnesota) and Carl Levin (D-Michigan) released a comprehensive report [1] detailing how speculation on various commodities exchanges around the world is impacting energy prices. Six weeks later, virtually no media coverage has been given to this bipartisan, 60-page study that

Following the Money: The Enron Failure and the State of Corporate Disclosure# Author:Michael Bromwich (Author), Robert E. Litan (Author), Alfred Wagenhofer (Author), George J. Benston # Format:PDF 2.3MB# Page Count: 126 pages# Publisher: American Enterprise Institute Press (March 1, 2003)# Language: English# ISBN-10: 0815708904# ISBN-13: 978-0815708902A few years ago, Americans held out their systems of corporate governance and financial disclosure as models to be emulated by the rest of the world. But in late 2001 U.S. policymakers and corporate leaders found themselves facing the largest corporate accounting scandals in American history. The spectacular collapses of Enron and Worldcom—as well as the discovery of accounting irregularities at other large U.S. companies—seemed to call i

Those fuckwads at Enron can't do anything right. And now they are screwing over their former employees AGAIN. Like losing their retirement and making sure they were unemployable wasn't enough. I know people that could find a new job for over a year because the word "Enron" appeared on their resume. The courts were sympathetic enough to award these people $89 million to cover some of the pensions Enron lost (they lost an estimated $2 billion in pension plans) and Enron (now known as Enron Creditors Recovery Corp) has made the first payment. Naturally they did it all wrong. They paid some people too much and others not enough. What a surprise! Of course, they are blaming the company they hired to do the calculations. I guess it never occured to anyone to check the formula before they cut the checks. I do know that if those jerks overpaid me, I wouldn't be too concerned or in too much of a hurry to pay them back especially since these people are only going to recover a fracti

It is a very valid comparison. See, CDO Hedge Funds = Enron? But, what does it mean to the larger market and especially to small to medium real estate investors? It depends. If you are using these hedge funds as part of your investing strategy, you probably have a lot to worry about. If you are heavily leveraged in your real estate holdings and were counting on an easy refinance this year or next, you really have something to worry about. If your holdings are not heavily leveraged and you have ample room for a price correction and are looking for the long term results from your investing strategy, you probably sleep very well at night and have little to worry about. If you have stockpiled a little cash you are likely to see some really great opportunities present themselves as lenders are forced to tighten their positions and borrowers are forced to sell, walk away or hang on by their fingernails until they are foreclosed on by the lenders. Now is not the time to be entering the stock

It is a very valid comparison. See, CDO Hedge Funds = Enron? But, what does it mean to the larger market and especially to small to medium real estate investors? It depends. If you are using these hedge funds as part of your investing strategy, you probably have a lot to worry about. If you are heavily leveraged in your real estate holdings and were counting on an easy refinance this year or next, you really have something to worry about. If your holdings are not heavily leveraged and you have ample room for a price correction and are looking for the long term results from your investing strategy, you probably sleep very well at night and have little to worry about. If you have stockpiled a little cash you are likely to see some really great opportunities present themselves as lenders are forced to tighten their positions and borrowers are forced to sell, walk away or hang on by their fingernails until they are foreclosed on by the lenders. Now is not the time to be entering the stock

Read more | Digg story Kenneth Lay and Jeffrey Skilling, the former chief executives of Enron, have been found guilty by a Houston jury. Full story to follow shortly.Skilling has been convicted on 18 charges including conspiracy, securities fraud and making false statements. He was found not guilty on insider trading charges. Lay has been found guilty on six charges, including wire

Read more | Digg story Kenneth Lay and Jeffrey Skilling, the former chief executives of Enron, have been found guilty by a Houston jury. Full story to follow shortly.Skilling has been convicted on 18 charges including conspiracy, securities fraud and making false statements. He was found not guilty on insider trading charges. Lay has been found guilty on six charges, including wire

Plaintiffs say it must choose: Help Wall Street or Enron victims by KRISTEN HAYS Plaintiffs whose massive Enron shareholder lawsuit was sidelined by an appeals court ruling in March want the Securities and Exchange Commission to support their fight to bring it to trial. William Lerach, who represents the Regents of the University of California, the lead plaintiff, said Tuesday that the SEC's

Plaintiffs say it must choose: Help Wall Street or Enron victims by KRISTEN HAYS Plaintiffs whose massive Enron shareholder lawsuit was sidelined by an appeals court ruling in March want the Securities and Exchange Commission to support their fight to bring it to trial. William Lerach, who represents the Regents of the University of California, the lead plaintiff, said Tuesday that the SEC's

by Kristen Hays A former Enron human resources executive who stole nearly $3 million from the company years after it went bankrupt lost sight of the seriousness of his actions in an atmosphere of "lions feasting on a zebra," according to a court document read at his sentencing hearing Thursday. Christian Deeb Rahaim, 38, will serve five years and three months in prison for wire fraud, U.S.

Looks like a new film is on the horizon for the very busy Leonardo DiCaprio, who will produce and star in the movie about "Enron", which was an energy company that was based in Houston. The movie is based on the book "Conspiracy of Fools," and it is believed that Warner Brothers paid a seven figure sum to option it. In the movie DiCaprio will play a newly recruited employee and while working there he will find that the company is riddled with corrupt people that are like a cancer to the company. Leonardo DiCaprio is showing Hollywood how serious of an actor he is and is truly becoming one of the best in tinsel town

Former Enron CEO Jeffrey Skilling has been sentenced to 24 years in prison for his role in one of the biggest corporate scandals in U.S. history, AP and Reuters report. HOUSTON (Reuters) - A U.S. judge on Monday sentenced former Enron Corp. chief executive Jeff Skilling to just over 24 years in prison for crimes that led to the onetime energy trading giant’s collapse. U.S. District Judge Sim Lake set sentence at 292 months, or 24 years and four months. Skilling, 52, has said he will appeal his conviction in May on 19 of 28 charges, including fraud, conspiracy, insider trading and lying to auditors. The politicians, whose complicity enabled the Enron fiasco, should be equally guilty, if not more so.