http://www.enterprisecorruption.com/?page_id=58
On September 17, 2001 Skilling sold 500,000 shares of Enron
stock at approximately $31.00 per share.
On September 17th or 18th of 2001 the five letters.. were
mailed.
On the 17th of September 2001 the FDA wrote a [fake] letter to
Merck about the "favorable" cardiovascular safety
profile of Vioxx.
This is "Merck" as in "Arthur Anderson"
the "tax-product" specialists.
Arthur Anderson is now traded as Huron Consulting (look out
for this one). You will hear the words "Huron
Consulting" and "Kinder Morgan" and
"SIVs" and "mortgage mess" and
"failure of regulation" by 2009.
Now, on the 19th of September Kenneth Lay pretended to request
a meeting with Energy Secretary Spencer Abraham who pretended
to deny the request.
On this day Enron pretended to invoke a clause in its Dabhol
power plant pretending India was liable for $5 billion.
Question: Why pretend?
Answer: If you really wanted India to pay for your Dabhol
plant you dont "hoodwink" the IRS while you are
constructing the energy plant and then go and shred your
business documents and indict your executives for 24 years
which turns to 6 years in Federal country club prisons which
turns to free legal services for appeals which turns to
"honest services" which turns to "time
served" which turns to no years.
Dabhol was surveyed in late 1992 and construction started
immediately following the first WTC bombing in Feb 1993 (the
1993 war-on-terror budget would have financed the Dabhol,
ElPaso, Mirant, etc. plants in India).
India never expected to and was never expected to pay for its
energy and telecom upgrade. India didnt actually pay Tyco
for India's fiber-optic network and the White House gave Gary
Winnick's Global Crossing to Singapore and then announced
"America was tenth in the world behind other developing
nations in broadband." Go figure.
Forget the Nigerian oil-barges folks. This is industrial
treason masquerading as the "largest single
foreign-investment. Bought and paid for by artificially
inflating and then intentionally debasing the securities
markets. The foreign-nation upgrades (a thousand points of
fiber-optic light) between 1995 and June 2001 cost the public
approximately 401,000 (often referred to as the 401K).
It is worth remembering "the anthrax is in the
mail".
Also on the 19th of September Waksal told ImClone investors
"We do not have any worries about the FDA".
We (as in Martha and Harlan and I) dont have any worries..
but you do.
By the way: Wouldn't the banning of cloning make it a little
hard on a company named ImClone?
Note for future reference: When you hear the word
"ImClone" think "Enron" and when you hear
the word "Enron" think "John Mendelsohn"
and think "Chairman of the "Visitor's Board of M.D.
Anderson Cancer Center" and when you hear the words
"Chairman of the Visitor's Board of M.D. Anderson Cancer
Center" think "Bush41". This is called a
tightly knit club of Houston's "elite".
On the 20th Bush invited Hamza Yusuf to the White House to ask
him about his "points of view" then Bush met with
Porter Goss minutes before his speech to the nation.
The same day Kenneth Lay hosted Elizabeth Dole's Senate seat
fund raiser in Houston.
On the 21st an oral report was made to Kenneth Lay on Vinson
& Elkins "findings" (this would be the
attorney firing Gonzales, Novation, Tenet, GPO, Medicare,
Safe Harbor.. Vinson & Elkins).
This is "Vinson & Elkins" as in "AG
Gonzales" as in "Project Condor" as in
"Project Valhalla" and "Project Tammy" and
"Deloitte & Touche" and "Deutsche
Bank".
Quick question: Where was the "tax-evasion product"
for Enron's fiscal 2002 business-year?
Answer: Didn't need one.
Enron's Dabhol natural-gas (as in Trans-Caspian pipeline; it
has to get its gas somehow) energy plant in what was called
"Bombay" in 1993 was online and producing
electricity in June of 2001.
Come-on.. an "oral report" from Vinson & Elkins?
As if Lay needed an oral report on how he had been cooking
the balance sheets since 1993 and avoiding federal taxes since
1996?
The day after Kenneth Lay got his "oral-report" nine
people are incorrectly diagnosed (but whomever sent the thrax
knows the diagnosis).
On the 26th of September Lay urged his employees to buy Enron
stock which was a little too late for Skilling.
"We have stopped cooking our books for the first time
since 1993.. this is a good time to buy Enron stock."
On the 1st of October Blanco was hospitalized.
On the 2nd Stevens was admitted.
On the 3rd Enron Chairman Ken Lay and FERC chairman Pat Wood
sat at an energy policy conference speakers table in
Virginia.. and Cheney met with India External Affairs Minister
Jaswant Sing regarding Dabhol "talking points".
On the 4th Stevens was "publicly confirmed to have
anthrax (but the public doesnt know it yet).
On the 5th Stevens dies.
Starting the next day two more letters were mailed and Enrons
President, Greg Whalley calls Treasury Undersecretary Peter
Fisher six or eight times to ask the government to urge
bankers to extend credit to the struggling company.
Obviously the eighth call worked.
Note: The day after 9-11 the Wall Street Journal asked Enron
Corp President Whalley about what lies ahead and Whalley
responded: The freak-out factor is gone and Calm has
returned
9-11 had a calming effect on the President of Enron?
The 7th of October is day 1 Afghanistan bombings.
On the 8th Ridge was sworn.
On the 10th, Vice Presidential aide and former executive
director of Cheneys white-collar crime.. errr.. make that..
Cheneys closed-door energy task force, Andrew Lundquist
(note: the task force officially disbanded at the end of
September) and WH economic advisor Robert McNally met with
Enron representatives Gerstandt, Vicens, and Hardy.
The next day Todd Graves was sworn in (Tenet, GPO, Novation,
Lipari) and Assistant USA Tom Wales is murdered in the
basement office of his home.
Here come the "attorney firings" right on time.
There is bit of white-collar crime around here somewhere
(dont confuse gun-control with white-collar crime).
On the 15th NBC turned over its letter.
And the "dog and pony" begins.
On the 15th Donald Evans hooked up Sig Rogich with Kenneth Lay
and the Vinson & Elkins report is submitted to Lay
(again.. they are pretending India was ever expected to pay
its energy bills). Pure Shakespeare.
On the 15th of October Daschle's letter was opened.
The next day Enron reports a "big third quarter
loss" of $618 million and reduces shareholder equity the
following day by $1.5 billion to account for transactions
involving limited partnerships.
Of course there is a 3rd quarter loss. That is the quarter
you stopped cooking your books.
This is Securities market debasement 101.
This is also the day that Rebecca Smith and John R. Emshwiller
claim to be the "start of Enron's problems" in their
book "24 days" published by Harper Collins.
First off.. the start of your problems do not begin when you
stop cooking your books.
The start of your problems begins when you start cooking your
books because the questions that should be answered are
"Why" and "Why then?"
If the "start" of your problems is on the 16th of
Oct then why would the SEC and CFTC documents destroyed in the
WTC matter to Enron's outside shareholders?
What is noteworthy about Q3 2001 is what happened the month
before and the month after day 1 of Q3 (July 01, 2001) but
that will come later in #7 of the series.
Coincidence or not.. at this point in time anthrax is now
covering up Enron's stock market debasement.
This loss report is the first time Enron had been honest about
a quarterly balance sheet in almost 7 years.
The question to ask is not: "Why did you cook your books?
The question is: "Why did you stop cooking your
books?"
The next question should be: "Why did you stop cooking
your books on day one of Q3?"
The possible answer offered might be: "Because Sherron
Watkins blew a whistle."
Not.
She was a phony whistleblower set up by Toffler from Harvard.
By the way.. day one of Q3 is about as far back as SOX (now
referred to as "SARBOX") is required to investigate.
On the 17th it is reported that "Enron shareholders stand
to make millions from Enron partnerships." and 31 capital
workers test positive for the presence of anthrax and the
House of Representatives adjourns.
The following day David Iglesias (New Mexico) is sworn in.
So the attorney firings was all about partisan politics?
Yes, if "partisan politics" is spelled E-N-R-O-N or
W-M-D.
Keywords again here are: GE, Tenet, Novation, Lipari,
pulse-oximetry, Reagans's 1986 safe-harbor, Medicare fraud,
kickbacks, GPOs.
At this point in time the CIA is briefing Cheney on Niger
uranium.
On the 19th the New York Post letter is found.
Here begins the theater.
On the 19th Ridge briefs the media on "potential anthrax
threats" and Enron freezes its assets in its 401K
employee retirement plan and bars employees from selling
company stock trading at $32.20 per share.
Remember September 17 when Skilling bought his at $31.00?
Enron employee stock is unfrozen on November 19th with shares
at $11.69.
Now do you finally see the effect 9-11 had on Enron stock?
This is exhibit "A" on how natural-gas power-plants
in India get paid for and don't assume this nation building
reality goes over the head of India's Prime Minister.
GE pulled this same stunt with India's first hydroelectric
plant in 1902 and the crash of 1903 paid that invoice.
The same day Ridge "briefs the media" on anthrax,
and Enron freezes its assets in its 401K employee (not
executives) retirement plan.. Wendy Gramm's husband Phil Gramm
has an article published in the WSJ entitled "Econ 101:
Poor Folks Can't Give You A Job" (Remember Wendy? She sat
on Enron's board and was an architect of Enron's Commodity
Futures Trading).
Poor folks have just discovered two things they can't do.
1. give you a job.. and
2. sell their assets in the Enron 401Ks
Class warfare ironies:
1. Enron's "rich" never actually had the money
anyway.
2. If you can't count - how do you know you are rich?
On the 21st of Oct Morris dies.
The next day Curseen dies and Ridge reports on their deaths at
a WH press conference and Harvey Pitt announces he will make
the SEC "a kinder (as in "Rich Kinder" as in
Kinder-Morgan) and gentler place" for accountants.
If you are wondering if Arthur Anderson is around here
somewhere - you are correct.
Do you think foreign nations (like India and in 2007
China/Westinghouse/Shaw Group) are learning a bit of a lesson
here?
Why pay a company for building your energy plant if the
company was cooking its books during the plant's construction?
Iran is telling Russia that Iran isn't going to pay for
Russia's just completed Nuc plants while I am typing this
sentence. As if Russia and Iran don't know how the game is
played?
And guess what.. the same day Pitt makes his
"kinder-gentler" announcement, Arthur Anderson
learns that the SEC "is inquiring into the accounting of
Enron Corp., and Enron discloses that the SEC had "opened
an inquiry into its limited partnerships" .
Sort of bad news for Enron 401K shareholders (outsiders
shining flashlights through envelopes) but in a little bit you
will see things aren't so bad for 130 Enron executives.
The following day (23 Oct.) David B. Duncan of Anderson
Accounting calls a meeting to organize the destruction of
"Enron related records".
Put on your gloves and masks - we are about to start shredding
during an anthrax scare!
But weren't Enron's records destroyed in Bldg 7?
Now let me get this straight: Everybody from the Pope to
Clinton is trying to get India to pay its Enron bills and AA
is shredding records?
DUH!
On the 24th Enron replaces Fastow and John McKay (Western
Washington) is sworn in as a USA under a presidential
nomination and senate confirmation.
I guess anthrax wasn't holding the Senate back.
Google "John McKay" and Medicare, Novation, you are
getting the idea.
On the 25th Enron tapped $3 billion from bank lines to ensure
liquidity and all eyes are glued as Governor Ridge gives an
update on the scientific analysis of the anthrax samples.
So basically Greenspan and Bush didn't "do anything for
Lay" but obviously the banks did. But the $3 billion
doesn't help the locked-out employees much because nobody
cheers up Enron's "poor" frozen asset holders with
the good news.
This is called "not doing anything for Enron".
Ridge emphasized that the anthrax samples are from the same
Ames strain.
The next day President Bush signs the "Patriots Don't
Know Anything About Enron Act" and Mr. Lay calls Mr.
Greenspan.
The Fed doesn't disclose the details of the call but it does
say "Mr. Greenspan did nothing in response".
On the 28th Lay speaks to O'Neil who adds his name to the list
of people who do not intervene.
Here is Isaac Newton's tip on rule # 1 of how to intentionally
and successfully debase the vehicle of monetary exchange (in
this case the stock certificate).
Don't intervene.
Now on the 29th we are about to find out that the anthrax
spores are ten times worse than we thought they were and by
now you can probably imagine what other events occur during
this announcement by the Major General John S. Parker.
On the 28th of October (the day Lay spoke to O'Neill) Moody
lowers Enron's rating.
The next day the bin Laden family ends its Carlyle Group
"relationship" and Commerce Secretary Donald Evans
is "reached" by Kenneth Lay. Enron blocks employees
younger than 50 years old from selling stock in their accounts
from this day to November 12th. Enron claims that it is
because of a change of administrators, but at the same time,
29 top executives cash out of more than $1 billion (remember
the $3 billion credit line?)
A "change of administrators" during an SEC
investigation?
Two days later, Kathy Nguyen dies and Major General John S.
Parker testifies before the Senate Committee on Internal
Security and Federal Service concerning the anthrax found in
the Daschle letter and the SEC elevates the Enron inquiry to a
formal investigation which is more tough news for the
locked-out 49 year-old employees, but its only paper money
anyway.. except for yesterday's 29 top executives (that was
real money).
Those are 29 people (none over 50 years-old?) that are pretty
happy "nobody helped Enron".
November:
Peter G. Peterson joins ImClone's board, Lay puts his Aspen
houses on the market, the price of a 128-MB chip is $1.50 (A
Boston investment bank later says that Enron's
"collapse" triggered a price spike for DRAM. Enron
had begun negotiating forward contracts with buyers and
sellers as part of its planned entry into the DRAM market.
Sources said that Enron told them that Enron had
"suggested or consummated" financial swap contracts
at $4 per 128-megabyte chip.)
Also in November, El Paso trader, Todd Gieger, begins
fabricating 48 natural gas trades and sends fake volume and
price information by email to "Inside FERC's gas market
report.
This is called wire fraud and so soon after 9-11.. how
patriotic is that?
Also this month, after receiving the "formal accident
package" the assurance manager at the FAA crushes the
tape of the 9-11 controllers contained within the package.
On November 1st Enron secures another $1 billion in new credit
lines, pledging its natural gas pipeline as collateral and
President Bush signs EO 13233 which limits public access to
papers of all presidents since 1980 including George W. Bush.
What was that about another billion for Enron?
Is it me or does it seem the bank's intent is to create
"a higher number of millionaires in America.. then ever
before"?
Also on Nov 01 talking points are prepared for President
Bush's meeting with the India Prime Minister and Bush avoids
discussing Enron during the meeting.
I would imagine Executive Order 13223 includes this meeting?
The next day Spencer Abraham called Lay to "check up on
the company" and neither mentions any assistance for the
company.
$4 billion in bank loans isn't assistance?
Here is what the banks are really doing: They are acting like
they are being duped and basically debasing their own wealth
at the expense of their own shareholders.
The same day Margaret "Medicare" Chiara (Western
Michigan) and Daniel " Medicare" Bogden (Nevada) are
sworn in as USAs. Note: Medicare has intentionally allowed
itself to be defrauded ever since Johnson signed the
legislation in 1965 which is the reason the program exists.
On the 6th of November OPIC President Peter Watson contacts a
top aide of the India Prime Minister saying: "The acute
lack of progress in this matter has forced Dabhol to rise to
the highest levels of the United States Government."
Yeah sure.. Shakespeare couldn't have made it more dramatic.
Pete should get an Emmy.
The following day Governor Ridge, in a press briefing,
dismisses bentonite as a binding agent for the anthrax in the
Daschle letter saying the ingredient is silicon.
Remember what I was saying about Russia?
Well, as Ridge is dismissing bentonite, Russia began the next
Enron leapfrog phase and clinches a deal to build a $2.5
billion nuclear power in Southern India, expanding its
relationship which has seen New Delhi become one of Russia's
arms purchasers. Russian and Indian officials signed a
memorandum on construction of the plant, at Kudunkulam in
India's southern state of Tamil Nadu.
Go figure. Russia can't afford its labor force either?
India's poor payment history has risen to the "highest
levels of the United States Government." and Russia
thinks its going to get paid by India by 2007? Russia isn't
too familiar with current American history, huh?
The day after Russia's nuc plant agreement, Enron announces
"improper accounting and reduces its previously reported
income going back to 1997 by $566 million." This
statement led to a chain reaction that led to Enron's Dec 02
bankruptcy court filing seeking protection from its creditors.
Hey somebody call Russia's energy bureau and tell them
yesterday's Tamil Nadu plan may not be such a great deal after
all?
Actually Enron's last 2 quarters was.. proper accounting.
On the 8th, Rubin and Fischer join the "I didn't lift a
finger for Enron club".
Darnit, those employees are still locked-out of their accounts
too.
The same day Rubin and Fischer bail, President Bush gets an
email tagged "Importance High":
"President Bush cannot talk about Dabhol."
On the 13th of November 2001, President Bush signed the order
establishing military tribunals and James Daniel Watkins'
(consultant to Arthur Anderson) body disappears.
It looks like Bush's tribunals have already started.
Watkin's body is found on December 01 .
Notice the so-called "liberal media" didn't jump all
over this one?
On the 14th of Nov., Kenneth Lay acknowledges that "Enron
made billions of dollars of very bad investments".
This is 5 days before Enron shares are unfrozen so this can't
possibly help the value of those holdings very much.
Russia's Rosatom will be making this same announcement
regarding its Tamil Nadu and Iran Nuc plant projects sometime
after Oct 23, 2007.
By the way you should all pick up a copy of the New York Times
every day for two weeks starting on the above date.
http://www.legatus.org/public/index.asp
Note the "Spiritual pilgrimage".
This is when the "executive compensation" takes its
trip to Rome.
The checks clear on the 23rd.
The media debasement begins on the 24th.
Scan the NYT for comments made by a Texas stock analyst by the
name of "David Tice" regarding improper accounting
at a certain company (my guess: a telco and/or a "popular
private equity firm").
Advice: Shift holdings from the sector with the negative press
over to energy then bail from energy and move to healthcare
for a while then get out of that before the new administration
makes some kind of depressing Medicare change announcement.
Lets backtrack a second.
Remember Bush's "Importance High" email?
On September 09, the day after the email was sent, Mr. Lay
called O'Neill again, supposedly warning of parallels between
Enron's impending collapse and the Long Term Capital
Management failure.
Here we go again.
Ask yourself, why would 29 executives who just cashed out of
$1 billion want Enron's stock to go higher?
So, in yet another Shakespearean move, Kenneth Lay pretends to
suggest that "a bailout may be in order".
O'Neill asks Mr. Fischer, the undersecretary, to analyze what
an Enron collapse would mean for the markets.
Remember what I was saying about day 1 of Q3, 2001?
Lets take a look at the unlikely events of Q2, 2001.
As of April 01 2001 (Day1, Q2) Jeff Skilling had served as CEO
of Enron for about 1 month.
Arthur Anderson's CEO, Joseph Berardino is into his second
month as a member of the Legatus chapter near his home in
Greenwich, Conn., and Berardino is also into his second month
as head of Arthur Anderson Worldwide, SC (Arthur Anderson's
umbrella organization) and George Herbert Walker Bush is
elected Chairman of the M.D. Anderson Cancer Center's Board of
Visitors.
This is the Enron health-care connection and the reason I make
references to the healthcare monopolists piggy-bank known as
Medicare so often.
On Christmas Eve 2002, not a creature was stirring as the Wall
Street Journal (while we were busy wrapping presents) printed
the following article headlined:
Double Trouble
Ties to Two Firms Tainted by Scandal Haunt Top Doctor
A Director at Enron, ImClone, John Mendelsohn Sparked
Fireball at His Hospital
Dilemma for Houstons Elite
HOUSTON
When news of the insider trading scandal at ImClone Systems
Inc. broke in January, it stunned the elites of this city. One
of their own, John Mendelsohn, president of the famed M.D.
Anderson Cancer Center here, sat on the board of ImClone.
Whats more, Dr. Mendelsohn was also on the board of another
company in the midst of a notorious meltdown.
Not this! Not on top of Enron! Charles Miller, chairman of
the state body that governs M.D. Anderson recalls thinking.
Now John is in serious trouble.
Dr. Mendolsohn may be the only person with official ties to
two of the companies most widely associated with the financial
crimes of the new millennium. That set off a scramble over
Dr. Mendelsohns fate among Houstons leading power-players,
including the chairman of Andersons advisory board, former
President George Herbert Walker Bush.
Christmas Eve.. in fact.. the whole week between Christmas and
New Years Day is a publishers laundry period. As an
investor, it is well worth ones money to purchase the WSJ
during this rare media exposure of financial laundry. Another
popular laundry day is Valentines Day.
You may notice that the investigative journalist from the
WSJ, Kurt Eichenwald does not make any mention of Dr.
Mendelsohn or M.D. Anderson in his New York Times Best Seller
Conspiracy of Fools. Eichenwald also makes no reference to
the Commodity Futures Trading Commission nor does he mention
Frank Savages ethics policy suspensions or Toffler (the
ethics advisor,) but he does mention the potential role of
Arnold Schwarzenegger.
In Q1 and Q2 of 2001.. as Lay and Skilling are making
electricity cheaper in Mumbai, India.. they are making
electricity disappear.. in California .
The first week of April, Clinton makes his phony (give Enron
its money or nobody will ever invest in your country again)
trip to India and Richard Celeste ends his post as U.S.
Ambassador to India. Celeste also served as a director of
HealthSouth Corp.
If you think the Enron story is interesting so far.. wait
until you hear the HealthSouth story.
So, in April, 2001, Jeff Skilling calls Richard Grubman of
Highfield Capital an a__ hole because Grubman questions why
the companys balance sheet wasnt available when the
quarterly earnings were released.
Again: This is the last quarter that Arthur Anderson cooks
Enrons books.
Now here is a funny one. On the 23rd of April, Warren Buffett
said he plans to invest over $10 billion in utilities if
Congress repeals a 66 year-old law enacted to curb abuses in
the energy industry.
Now what are the odds that Warren Buffett didnt know that the
SEC had freed Enron from registering under this very same law
(the Public Utility Holding Company Act; PUHCA) shortly after
the first bombing of the WTC in 1993 which is also the same
year Wendy Gramm and Sherron Watkins joined Enron and the also
the same year Arthur Anderson took over Enrons internal audit
operation?
Common Warren.. give us a break.
Three days after Buffett pretends he doesnt get it, Kenneth
Lay and President Bush attend that infamous literacy fund
raiser hosted by former First Lady Barbara Bush.
Remember? Bush said it was the last time he spoke to Lay?
There was a reason for that. And that reason was because they
realized that should be the last time they can be connected.
literacy?
The MBA President and former Harken Energy executive, should
have asked Kenneth: When are you going to stop cooking your
books? And did you hear global power producer AES just
announced its first quarter profit has plunged by 60% and what
is up with those rolling blackouts in California and did you
hear about the whistle-blower over at Dynegys Project Alpha?
Let me distract your attention for a second and mention that
it is April 30th 2001 and Chandra Levy makes the last
appearance at her Washington D.C. health club.
Its now May and J. Clifford Baxter quits the Enron energy
firm.. but Watson doesnt blow a whistle to Lay for three more
months?
Now here is a guy who didnt have any faith in the system.
For those political witch-hunters out there, here is a
partisan bone for you to chew on.
It is late Q2 and Indias Dabhol plant is now on-line and
India stops paying its Enron bills one more time.. just before
Karl Rove sells his Enron holdings in June.
Talk about timing.
What the heck did he know.. and what do the rest of the
newly-minted Enron millionaires have planned for America in Q3
2001?
May 2nd 2001: President George Bush pretends like he had never
heard of something called energy trading (even though the top
60 utility companies in the nation were doing it) and orders
all federal agencies in California to cut power use in an
effort to find a solution to the states energy crisis.
On May 9th, The Street.com posts one of the first articles
publicly discussing Enrons suspicious financial transactions
8 days later the terminator, Kenneth Lay and Michael Milken
meet at the Peninsula Hotel in Los Angeles to formulate a
phony scheme to make it seem like Gray Davis is the cause of
Californias energy manipulation (as if Gray Davis doesnt
know how the game works).
The following day, Saudi Arabia announces that it picked
eight companies to participate in three projects that are
expected to total $25 billion over several years. Included
are Exxon Mobil Corp., Royal Dutch Shell Group, BP,
TotalFinaElf, and Enron Corp., the only non-oil company
chosen. Gotta get that gas to Indias power-plants somehow
otherwise how are we going to transfer those Silicon Valley
jobs to Mumbia?
Enron even fooled Saudi Arabia and Crown Prince Abdullah?
Get outta here.
Two days later a California poll finds that President Bush is
faring far better then Gov. Davis amid the states power
crisis. The same day, a Mumbia, India poll finds that Bush is
faring far better then Gov. Davis amid Maharashtra states
power surplus.
The next day on the 22nd of May, as if the California Attorney
General Bill Lockyer doesnt know how the energy trading game
is played, Lockyer blames Reliant and Enron and Lay,
personally saying he would love to escort Lay to a 8 x 10
cell that he could share with a tattooed dude who says Hi, my
name is Spike, Honey.
Electricity? Spike get it?
Doesnt Lockyer know Enrons problems dont start until
December?
At this point there are a lot of people that are onto Enrons
games but Sharron Watkins (the whistle-blower) hasnt even
entered the picture yet.
It is now June.. and it is the last month Enron accountants
cook their books so if you are thinking about selling your
shares at a profit, this month would be the last opportunity.
June Highlights: Louis Freeh steps down.
To put things into perspective.. Freeh presided over the FBI
during The Era of Greed while Bristol Meyers Squibb was
misstating years of earnings. Louis now sits on the Board of
Bristol Meyers Squibb.
June: Cheney raises Enron concerns over payment of Dabhol
energy in meetings in Washington with Indias Congress Party,
Sonya Gandhi which now controls Maharashtra. Again, this is
not only pure theatre but in a little while we find out that
Gandhi is actually Italian (the Indians in the worlds largest
Democracy were totally taken by surprise by this one). Sonya
had been giving some consideration to opening a chain of
restaurants after she ends her stint in public service
called Gandhis Traditional Pizza.
June: Karl Rove sells his shares of Enron (this is big
money).
June: Kenneth Lay donates 25K to Governor Rick Perry (this is
small money).
Note: In the bigger picture, campaign contributions are
small money which is why the liberal media and politicians
and so-called watch-dog groups focus so much on campaign
contributions. Following the small money makes it appear that
somebody is actually following ANY money. As a rule, if there
is much fanfare regarding financial transactions it is
either a diversion or it is relatively insignificant.
Here are three examples:
John Kerry and Enron: The small money that was followed here
was dividends.
When Monika was getting started with Bill in December of 1995,
Heinz Kerry announced that Kenneth Lay will serve as a member
of the Heinz Center philanthropy, then John Kerrys Heinz
family trust bought between $250,000 and $500,000 worth of
Enrons stock.
Do the math.
Enron is trading at $18.00 per share when they buy it and its
trading at about $21.00 per share when they are reported to
sell it.
$500,000.00 would have bought about 28,000 shares. 28,000
multiplied by $21.00 is about $588,000.00.
Net Profit: $88,000.00.
So.. both the liberal and conservative media report that
the Heinz-Kerry ownership and sale of stock brought about
$5,000 to $15,000 in dividends.
The trivial amount diverted attention from the net profit.
Leave it to the money-counters to assume that the gain in
dividends is more significant than the gain in share value.
Martha Stewart and ImClone: The small money that was followed
here was the short term loss.
On the 28th of December 2001, the FDA decided not to approve
Erbitux.
The day before the FDA decision.. Martha Stewart sold her
3,928 shares of ImClone stock.
The Wall Street Journal claimed that by selling "before
the news" Martha avoided a loss of $51,222.00
Did the math.. and this math sounds like Arthur Anderson is
around here somewhere.
ImClone was trading at $75.00 per share ($294,600.00) when she
sold. When the s__t hit the fan in June of 2002 the shares
were trading at $7.00 to $8.00 per share ($31,423.00).
$294,600.00 minus (-) $31,423.00?
It appears Martha avoided a loss of a little bit more than
$263,000.00 but then again nobody was actually counting money
back then anyway.
I wonder what kind of a loss Peter G. Peterson, John
Mendelsohn and George H.W. Bush from M.D. Anderson Cancer
Center avoided?
Insider trading is one thing.. but insider trading in
fictitious money.. in a corrupt company.. run by a corrupt
CEO.. is another.
October 23rd of 2010 is when Sam Waksal.. gets out of prison.
Example #3: George H.W. Bush and Global Crossing: On the
16th of November 1999, when everyone was expecting the DOW to
reach 36,000, George and Barbara decided to play it safe so
they sell their 100,000 shares of Global Crossing for a
reported $4.45 million.
These were the shares he got for free for a speech he vomited
at in Japan.
Lets say Global Crossing is reported to have donated $30,000
(small money) in 1999 to the Bush campaign.
Here is the math the "liberal press" cant seem to
compute: What is $30,000 (small money) subtracted from $4.45
million (big money)?
Actually, even the published amount was wrong since Global
Crossing was trading at $52.00 per share at the time of the
sale.
Rush Limbaugh got the Terry Global Crossing McCullife part
right but he never made any references to Barbara or George
Global Crossing Bush?
Half of history and half of the facts have always been good
enough for the King and his Court.
The big money is in corporate holdings in corrupt companies.
Follow the big money.. not the small money.
Back to events in June just before Enron starts counting their
money accurately in Q3:
Sami al Arian and some 130 other Muslims attend a White House
meeting with President Bush.
In June of 2000, Sami al Arian was campaigning for George Bush
in Florida (this would be during the war we supposedly didnt
know was going on at the time).
Ill be writing on a mishap in 1999 often referred to as the
U.S.S Cole bombing to put this Muslim meeting and many other
unlikely events in 1999 into clearer perspective.
Suffice it to say, at this point in time there should have
been a U.S.S. Cole mindset among government leaders.
On the first of June the Premium Processing Program begins.
Foreign celebrities, athletes, executives, and other types of
workers will be able to pay $1,000 to get work-visa
applications processed within 15 days instead of the usual 3
months or more.
3 months?
Isnt that a business quarter?
Remember: The function of all government is to pretend to
fail.
So wouldnt you know it.. the visa express program expedites
the entry of both Abdulaziz Alomari and Salem Alhamzi.
Let me get this straight. The agencies responsible for
keeping Americans safe from foreign terrorists were having
such a difficult time gathering, assembling, and coordinating
information from visa holders for approval within a waiting
period of three months or more they decide to shorten the
approval period to 15 days?
One would think that after seeing the August 6 2001 document:
Bin Laden Determined To Attack Inside The United States
Condoleezza Rice would have suggesting suspending the new
Premium Processing Program?
On the 18th of June, the FBI pulls agents investigating the
bombing of the U.S.S. Cole out of Yemen due to a specific and
credible threat against them.
Two days later, Yemen arrests 15 people suspected of plotting
to bomb the U.S. Embassy in Sanna. Meanwhile, a reported
recruitment videotape from Osama bin Ladens group claims
responsibility for the Cole bombing and is viewed by the AP in
Kuwait.
The next day the INS announces that it has no plans to
actively target H-1B workers for deportation. The INS
spokeswoman says she doesnt know of any H-1B workers who
have been deported simply because they have lost their jobs.
The most recent contact between Kenneth Lay and Dick Cheney
occurs at a conference on the 24th of June.
To try to help Enron collect a $64 million debt from Dabhol,
on June 27th Cheney lobbies Indias opposition leader, Sonia
Gandhi on behalf of Enron shortly after the Cheney energy task
force specifically recommended promoting energy production in
India.
The next day in an attempt to make it look like he doesnt
understand the book-cooking energy business either, the Wall
Street Journals Daniel Pearl, writes AES Expresses Interest
In Enrons India Project ... AES offers to buyout troubled
electricity venture. Dabhol hasnt produced power for more
than a month.
Those bumbling fools at AES. Dabhol isnt paying Enron.. why
would they pay AES?
As if India was ever expected to pay Enron?
The same day of Pearls piece, Bush names Elliot Abrams to the
top national security post and the Supreme Court rules 5-4
that immigrants who commit crimes cant be held in prison
indefinitely, if the U.S. cant deport them.
Huh? Its that damn ACLU I tell ya!
It seems like the "A" in ACLU might stand for..
"Arab"?
Not that there's anything wrong with that.
Remember the words: "racial profiling".
..
Enrons second business quarter is over.
July 01, 2001: This is the first day of the first quarter that
Enron counts its money honestly.. since 1993.
Eventually every financial scam comes to a point where it
needs to invoke its exit plan.
What is Enrons exit plan?
July 01, 2001: California Senator Diane Feinstein who is on
the Intelligence Committee warns CNN Intelligence staff tell
me that there is a major probability of a terrorist incident
within the next three months.
Next three months?
Isnt that a business quarter?
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