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.
Monday, April 22, 2002

 
--- Duncan Rats Out Andersen Damage Control Scheme ---

This is HUGE -- if the story pans out -- and it covers our earlier blind speculation that DOJ Grand Inquisitor Michael Chertoff has an evidentiary ace up his sleeve.

NYT's Kurt Eichenwald reports (available in the Chron with minimal clicks) that (per confessed shredder David Duncan) senior Andersen management commissioned damage control strategy in response to multiple red flags on the Enron account, and that document destruction plans were activated as part of this larger scheme. "Red flags" would include Sherron Watkins' notorious "implode in a wave of accounting scandals" memo (which you may recall was written to facilitate damage control, not to blow the whistle).
Supported by Duncan's testimony, prosecutors will argue that the destruction last October by Andersen of thousands of documents and e-mail messages related to Enron was not the spontaneous decision of a few employees but the culmination of months of discussions about how to get the files on the firm's troubled client ready for review by outside investigators.
Either that, or somebody's yanking Eichenwald's chain, or Duncan is a lying scumbag and DOJ is the patsy. But Eichenwald is no fool, and Duncan/DOJ wouldn't pursue this line this far without corroborating documentation or witnesses.

What about THAT, Mr. Dobbs, what about THAT?

Speculation (CNBC): Is Volcker ready to throw in the towel on his Andersen salvage mission? [UPDATE from WSJ on MSNBC]