Friday, June 07, 2002

BUSH KNEW!!!!

Well, Enron, not 9/11...

June 7, 2002 | According to a former Enron Corp. executive under congressional investigation in relation to the company's collapse last fall, an Enron lobbyist tipped off the Bush administration last August about the company's impending financial problems.

Enron lobbyist Pat Shortridge met with White House economic advisor Robert McNally Aug. 15, the day after Enron president Jeff Skilling resigned, to alert the White House that Enron could face a financial meltdown that could possibly cripple the country's energy markets, the former Enron executive told Salon this week.

"It was very well known that Enron faced a financial meltdown," the former executive said. "The day that Jeff resigned our stock plummeted. We knew it wouldn't rally. What we didn't know was how the financial problems at Enron would impact the energy markets in the U.S. That's why Pat met with Mr. McNally. To find out."

When contacted for a response, a White House spokeswoman, Anne Womack, would only point out that the a meeting was acknowledged by the White House on May 22 in documents released to reporters and Sen. Joe Lieberman, D-Conn., chair of the Senate Governmental Affairs Committee. In those documents, it was noted that "Mr. McNally met with Mr. Shortridge and another individual who was not from Enron." Asked whether Enron's future was discussed, Womack said, "If the meeting was about that, I would assume there wouldn't be anyone else there besides Mr. McNally and Mr. Shortridge." A spokesman for Enron refused to comment for this story.

If McNally was tipped off to Enron's troubles it would mean that White House had been warned several months earlier than it has previously acknowledged of Enron's failing fortunes, which caused thousands of employees to lose tens of millions of dollars in retirement benefits. It would also mean the White House received such a warning even before Sherron Watkins delivered her famous memo to then Enron chairman Kenneth Lay, warning that the company's byzantine partnerships could destroy the company.




And, yes, I know, Bush doesn't actually know anything about anything, but the administration knew.