Thursday, June 01, 2006

Enron's Takeover Leaders

Molly Ivins has an outstanding editorial entitled "The Takeover is Complete" on the Working for Change website. Here's a quote:
As the late Rep. Wright Patman Sr. observed: "Many of our wealthiest and most powerful citizens are very greedy. This fact has many times been demonstrated."

The interesting thing about Lay and Skilling is they weren't trying to evade the rules, they were rigging the rules in their favor. The fix was in -- much of it law passed by former Sen. Phil Gramm of Texas, whose wife, Wendy, served on the board of Enron.

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