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Old 01-24-2002, 09:26 AM   #1
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Enron made a sound investment in Washington

Enron made a sound investment in Washington Company spread cash to open doors, change rules

WASHINGTON -- As Enron imploded last year, its cries for help from the Bush administration went unheeded, leading many to conclude that the company's heavy spending on politics and lobbying was just another bad investment.

But in reality, Enron's decade-long run as a Washington influence broker was highly successful. The company's aggressive lobbying drove the deregulation of markets for energy and other commodities that allowed it to escape scrutiny and outdistance its rivals. Its dominant position in the new market of energy trading helped it obscure the questionable investments and dubious accounting that led to its death spiral

http://www.usatoday.com/usatonline/2...4/3799575s.htm
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Old 01-24-2002, 09:26 AM   #2
Senior Member
 
Join Date: Sep 2001
Location: Plano,TX USA
Posts: 388
Enron made a sound investment in Washington

Enron made a sound investment in Washington Company spread cash to open doors, change rules

WASHINGTON -- As Enron imploded last year, its cries for help from the Bush administration went unheeded, leading many to conclude that the company's heavy spending on politics and lobbying was just another bad investment.

But in reality, Enron's decade-long run as a Washington influence broker was highly successful. The company's aggressive lobbying drove the deregulation of markets for energy and other commodities that allowed it to escape scrutiny and outdistance its rivals. Its dominant position in the new market of energy trading helped it obscure the questionable investments and dubious accounting that led to its death spiral

http://www.usatoday.com/usatonline/2...4/3799575s.htm
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