the CAMP ENRON Report

... 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

(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.


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

... gateway to the next Progressive Era?

For a brief orientation, see this
Welcome to Camp Enron

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 09, 2002

--- Duncan Pleads to Obstruction Charge ---

David Duncan, lead dog on Andersen's Enron audit team, pleads "guilty" to federal charges of obstruction of justice, admitting he caused documents to be destroyed -- both personally and through intermediaries -- with intent to keep them out of the hands of investigators.

Sentencing is deferred; Duncan serves as a cooperating witness; DOJ goes after bigger fish.

Implications for Andersen? Consensus says it's a major setback, but ... their original strategy was to scapegoat and discard Duncan. That tack may be fair and just, and it still just might work IF the evidence fails to support a case that Andersen as an enterprise caused documents to be destroyed with similar intent.

I'll stick with my original analysis -- one or both sides know something they're not telling, or both sides are playing a stupid game of brinksmanship.

Oh, by the way, Lou Dobbs is still sounding off, this time on the WSJ editorial page, filling 20 column-inches without owning up to the facts. He asks rhetorically
Will this indictment policy be extended to other accounting firms, two of which worked on the Enron partnerships that led to its demise?
Lou, that depends on what the "indictment policy" is. Is it to blindly indict anyone who worked in the Enron empire? Or is it to indict anyone who destroyed evidence with the intent of obstructing a legitimate investigation? If either of the other firms put the shredder into high gear as soon as the Enron shorts hit the fan, they should worry.