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.
Thursday, March 21, 2002

 
--- "One of us! One of us!" ---

We've called attention in past items to the right most estimable Michael M. Thomas, of New York Observer "Midas Watch" fame. Thomas sizes up the essentials of Enron here:
a typical example of that stage of competitive evolution at which share of market ... can only be maintained by giving the arithmetic native to a given line of business a bit of help. Since–in an uncolluded market–trades and commissions are priced competitively, the only way to do this unilaterally is to crank up the leverage and start trading for one’s own account.
... suffers a Vinson & Elkins flashback here:
Now a law firm that thinks in investment-banking terms is going to be more concerned with "Yea!" than "Nay!", more with facilitation than rectitude, more with what can be gotten away with than what shouldn’t be done in the first place, more with serving as enablers than as counselors.
... and casts the Enron saga in historical light of the 1960 GE/Westinghouse price-fixing scandal here:
... the key element in the context is Enron’s triangulation with the events of Sept. 11 ... the International Terrorist Conspiracy is the foe; 40-odd years ago, it was the International Communist Conspiracy. ... A proud and grieving nation will not suffer swindlers or profiteers gladly in wartime.
The Midas Watcher's classy stream-of-upper-class-consciousness ruminations have gone a-bloggin' now, at midaswatch.blogspot.com.