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, April 02, 2002

 
--- DOJ Friendless ... on some networks, anyway ---

CNN's MoneyLine featured Lou Dobbs tossing softballs to yet another pro-Andersen voice... this time it's former SEC chairman David Ruder, asserting that DOJ has no proper interest in the matter, should withdraw the indictment, should play hands off Andersen and leave it entirely in SEC's capable hands.

But the SEC got rolled last time it tried to address the roots of the Enron/Andersen problem. And face it, GWB attained the nomination and thus the Presidency by out-fundraising everybody, he out-fundraised everybody by attacking different targets for different audiences, and his most reliable target for top-rank funders was the SEC and all that awful red tape. [Honorable mention to EPA.] And something like that will happen every other election cycle, more or less.

Over on CNBC's Capital Report it's a different story. Former SEC commissioner Laura Unger was asked whether DOJ should back off. She expressed sympathy for the families affected, but says throw the book at Andersen, send a message, instill a sense of responsibility -- and fear -- to forestall future disasters. I don't think you'll see her on air with Dobbs anytime soon ... if you do, I don't think she'll get many words in edgewise.

Caught in the middle is the anti-SEC faction's dream-Chairman Harvey Pitt, who used to represent Andersen (and all other Big's). Ruder sees no problem here. At least Pitt knows he has an appearance problem ... he formally recused himself (while informally letting everybody know he favors softer treatment for Andersen). Pitt doesn't know how big a problem he has ... and kid glove treatment won't do Andersen any good any way.