Enron went bankrupt intentionally. To pass proceeds of theft to execs.

PeaceProgProsp

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Tue Jun-01-04 09:09 PM
Original message

Enron went bankrupt intentionally. To pass proceeds of theft to execs.

They knew that what they did was so illegal that the corporation would eventually have to pay back its victims when the law caught up. That's if the company was still alive. So it killed itself . It passed all its asset value off to its insiders and the corporation is no gone.

California will never get its millions back. And will probably only learn the facts gradually as statutes of limitations expire.

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radwriter0555

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Tue Jun-01-04 09:34 PM
Response to Original message

1. TORT REFORM, passed by BUSH, for his pal KEN LAY also plays a HUGE

role in enron getting off SCOTT FREE, from any charges, compensatory issues or retribution.

Ken Lay knew going in he'd get away with this, and bush helped him.

bush helped him intentionally.

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Ilsa

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Tue Jun-01-04 10:05 PM
Response to Reply #1

2. I'm amazed that these people

haven't been assassinated by their former employees in an Agatha Christie-type plot.

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