Phil Gramm’s Enron Favor
Senator Pushed End to Oversight for Campaign Contributor

The one person in the Enron scandal whom congress is not likely to subpoena is its own revered Phil Gramm, the retiring Republican Senator from Texas. Gramm and his wife, Wendy, have tight links to Enron, Wendy being a director and Gramm the pusher of legislation that assisted the company during its troubles last year. In December, his press secretary denied the latter charge, saying, "Senator Gramm took no role, had no say, and did not vote on the energy futures provisions."

That's not the story presented by the D.C. watchdog Public Citizen, whose tale goes like this:
(...)

Evans talked on Sunday about the beauties of capitalism and the way everything worked just fine. Judging from the Enron case, the system's rightful fruit must be that executives get out unscathed, the little guys get screwed, and competition gets ditched in favor of a mega- monopoly on a scale not seen in America since John D. Rockefeller's Standard Oil Trust.

For his part, O'Neill sang the same carefree tune. "Companies come and go," O'Neill told the Associated Press this weekend. "That's the genius of capitalism."
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I don't have time to follow Enron in detail so here is another site that is doing that quite well.

Plays of the Day

thanks to wood s lot