the CAMP ENRON Report


CAMP ENRON:
... gateway to the next Progressive Era?

Some say it's nothing but a train wreck ... roll in the big cranes, clear the track, see what the crew's been smoking. If I thought so, I'd not be writing this ... and if they thought so, they'd not be drumming so hard.


For a brief orientation, see this
Welcome to Camp Enron

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Camp Enron Archives
01/01/2002 - 02/01/2002 02/01/2002 - 03/01/2002 03/01/2002 - 04/01/2002 04/01/2002 - 05/01/2002 05/01/2002 - 06/01/2002 06/01/2002 - 07/01/2002 07/01/2002 - 08/01/2002 08/01/2002 - 09/01/2002 06/01/2003 - 07/01/2003

NOTE to READERS:
(2) All "major" articles of older material have now been imported, some with updates worth perusing. We'll keep it all on the main page for a while, will add a few loose pieces of history, will trim the main page and index the archives for convenience later.


OUR DEPARTMENTS:

the COGENT PROVOCATEUR:
free agent, loose cannon, pointy stick ... taking an imposing analytic toolkit out of the box, over the wall and into the street ... with callous disregard for accepted wisdom and standard English

reading the tea leaves from original angles, we've led with uncannily prescient takes on the federal surplus, the dotcom crash, the "Energy Crisis", the Afghan campaign, the federal deficit.

More where those came from ... stay tuned.


For brief orientation, see this
Welcome to CP


CAMP ENRON:
... gateway to the next Progressive Era?

For a brief orientation, see this
Welcome to Camp Enron

OTHER GOOD STUFF:
Many thanks to Tony Adragna and Will Vehrs, still shouting 'cross the Potomac at QuasiPundit. Early Camp Enron material can be found in QP's Dispatches department.
Tuesday, March 12, 2002

 
--- "Anron", anybody? ---

Deloitte Touche Tohmatsu acquisition of Anderesen assets looks about as viable as the Enron/Dynergy merger -- too many skeletons in the closet.

The "White Knight" panel led by former Fed Chmn Paul Volcker cut short its review process and released rescue recommendations prematurely, under the prospect that events may overtake and moot it. (WP)

Volcker endorses the "chop and shop" approach, busting the conglomerate into multiple partnerships along separate lines of business, trying to preserve an uncompromised audit presence. Volcker's contract requires Andy to follow his recommendations (unless they're illegal, etc.) ... this should be interesting!

SEC has been lobbying to rescue Andersen, too ... basically begging for mercy on Andy's behalf, trying to avoid a pancake collapse. SEC Chmn Harvey Pitt has an appearance problem, given that he used to lawyer for Andersen.

If Andersen lives, all agree is needs a new name. Hmmmm. "Anron"?