{"id":79,"date":"2002-02-03T14:00:01","date_gmt":"2002-02-03T21:00:01","guid":{"rendered":"http:\/\/mossback.org\/archives\/2002\/02\/its-the-securities-stupid-\/"},"modified":"2002-02-03T14:00:01","modified_gmt":"2002-02-03T21:00:01","slug":"its-the-securities-stupid","status":"publish","type":"post","link":"https:\/\/bennett.com\/blog\/2002\/02\/03\/its-the-securities-stupid\/","title":{"rendered":"It’s the securities, stupid –"},"content":{"rendered":"

\t\t\t\tFinally, somebody in Washington is “getting” the Enron deal: The Nando Times: Congressmen say Enron investigation points to ‘securities fraud’<\/a><\/p>\n

WASHINGTON (February 3, 2002 1:28 p.m. EST) – Two lawmakers pointed to possible criminality in the Enron scandal Sunday, saying the company manufactured income out of its clandestine partnership deals that led to financial disaster.<\/p>\n

\n“We’re finding what may clearly be securities fraud,” said House Energy and Commerce Committee Chairman Billy Tauzin.
\nSen. Byron Dorgan said that in a failed deal for Blockbuster Video, an Enron partnership named Braveheart borrowed $110 million from a Canadian bank and the company booked the money as income.<\/p><\/blockquote>\n

The Enron scam wasn’t about the journalists and it wasn’t about the polticians: it was a scheme to defraud investors out of their money by pushing the stock price up through false reporting. The principal watchdogs who should have been on the case were all paid-off, of course, and that was primarily through investment banking fees and commissions.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"

Finally, somebody in Washington is “getting” the Enron deal: The Nando Times: Congressmen say Enron investigation points to ‘securities fraud’ WASHINGTON (February 3, 2002 1:28 p.m. EST) – Two lawmakers pointed to possible criminality in the Enron scandal Sunday, saying the company manufactured income out of its clandestine partnership deals that led to financial disaster. … Continue reading “It’s the securities, stupid –”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[],"class_list":["post-79","post","type-post","status-publish","format-standard","hentry","category-politics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbifyw-1h","_links":{"self":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/79","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/comments?post=79"}],"version-history":[{"count":0,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/79\/revisions"}],"wp:attachment":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/media?parent=79"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/categories?post=79"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/tags?post=79"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}