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

Submit Feedback To:
RonKsFeedbag at aol

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, June 27, 2002

 
--- British Bankers Face Enron-Related Fraud Charges ---

From the Chron
The complaint, filed by the Justice Department's Enron task force, alleges that the former bank officers secretly invested in an Enron entity -- Southampton LP -- through a series of financial transactions.

With the secret investments, the bankers were able to siphon off $7.3 million in income that belonged to their employer, the Justice Department alleges.
And it belonged to their employer because their employer siphoned it out of a deal with Enron? And it belonged to Enron because ...? One of our January predictions confirmed: scammers scamming scammers.

The same three individuals were featured in a WSJ story earlier today.
"They were larger-than-life characters," says Robert Kelsey, who wrote a semifictionalized book entitled "The Pursuit of Happiness: Overpaid, Oversexed and Over There" about his experiences at Greenwich Natwest ... By the time his group had finished explaining the transaction, the client wasn't sure whether "to repay his loan or change onto the Picadilly Line" subway because of the sprawling charts used to illustrate the complexity
Bully! ... Tragicomedic show trials ahead.

[UPDATE:
In a Feb. 20, 2000, e-mail to Mulgrew, Bermingham said he could not guarantee Fastow a $25 million profit on the deal. "I would be the first to be delighted if he has found a way to lock it in and steal a large portion himself," he wrote ( WaPo )
-- from our "Things You Wish You Hadn't Put In Writing" Department.]