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, April 04, 2002

 
--- Homestead Exemptions in the News Again ---

As we noted on 2002-02-08 (under the Camp O.J. Connection), there are certain states where you can go bankrupt and still keep your multi-million-dollar estate. (You do have a multi-million-dollar estate, don't you?) Texas and Florida lead the exempt-ers. In Texas "many of the state's founding fathers were debtors fleeing creditors in other states", and Governor GWB strongly defended the standard.

Philip Shenon has a piece in today's NYT covering the run-up to smack-down over the homestead exemption ... a nice spread of Enron names with palatial properties in exempt states ... pictures and all. Lay and White are featured; both are liquidating properties in other states.

Before Enron hit the skids, the Senate tried to cap homestead exemptions in a larger bankruptcy reform package. The House did not concur, and the cap seemed likely to die a quiet death in conference.

With Enron in the news, the Senate seems likely to go for the cap again, and the House likely to dissent again. This time the collision may be larger and louder, with Ken Lay as poster child.

If the bill passes, don't assume the firewworks are over ... Justice Scalia likes to have the last word on this kind of fed/state clash of initiatives.