|| -----Original Message-----
|| From: Vikash Yadav
||
|| There is also an important international dimension to the Enron scandal.
|| Krugman fails to mention how Enron used its influence with
|| "cronies" in the
|| Clinton and Bush administrations to bully the Government of India in the
|| Dabhol Power Company (Enron was the parent company of this
|| 2,000 megawatt
|| power plant) scheme that went sour. (...)
http://www.pittsburghlive.com/x/tribune-review/opinion/datelinedc/s_7142.htm l
====================================== Clinton-Gore sales team eased Enron's path to success
Sunday, December 9, 2001
WASHINGTON - "Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall."
(...) In what seems to be eons ago, before Gov. Bill Clinton became president, the late, much loved and little lamented Ron Brown was Clinton's good friend and a power broker in the National Democratic Party. Ron Brown had a friend, a congressman from Houston, the late Mickey Leland, who died in 1989. Until his passing, Leland was a shining light in the Congressional Black Caucus and a dedicated socialist, who was one of the Institute for Policy Studies' delights.
>From 1984, when Enron was conceived, Brown and Leland were there snapping up
unconsidered trifles of money for use in their campaigns against the free
market. Mickey was able to ease a lot of Enron's early problems through the
Houston City Council by playing his "equal opportunity card." He had also
become an African expert who initially took the Enron message to that
continent, a chore that was taken on by Ron Brown, Clinton's secretary of
commerce, before the latter met his untimely death in a highly controversial
plane crash in Croatia. (Untimely, because had Secretary Brown lived, he
would have faced multiple criminal indictments that could have precipitated
an even earlier fall for Bill Clinton and his gang.)
Now we get to that old puzzle about chickens and eggs, and what came first! Ron Brown, Al Gore and Bill Clinton introduced Enron to market managers in Russia, China, Indonesia and India. In India, Enron quickly became involved in one of that country's most massive corruption investigations, contracts were canceled and Enron was out.
(...) But, that wasn't enough. The ever-so-greedy Dumpty moved in to water deals in Massachusetts and Europe, paper mills in Canada, gas pipe lines throughout the world, fiber optics, television, mutual funds and information gathering. In turn, that led to risk analysis, a name that those clever Texans quickly changed to "reward realization!"
The rewards were good! Enron, with sales assistance from Tony Lake, then Clinton's national security adviser, persuaded the impoverished, war-torn country of Mozambique to sign a $770 million electric power contract. Mozambique signed because Tony's salesmanship was persuasive. If the Mozambicans didn't sign, he indicated that their congressionally approved $44 million U.S. aid payment would never be made.
And there was the Croatian caper. In the days when Franjo Tudjman was Croatia's dictator and pretending to be both a reformed communist and best friend of America in the Balkans, poor Franjo had a problem. He and some of his very best friends were wanted as war criminals by the Hague's International Court of Justice. Enron wanted a power contract with Croatia. Enron offered a deal to Tudjman. Sign up with us and we will use our gang in Washington to make sure you and your friends don't go to jail.
Tudjman signed. Enron made a heap of money. Nobody went to jail. Everyone was happy - until Tudjman died of cancer. Then the lid was off, his Croatian Democratic Union was defeated and the new boys in power in Zagreb could not believe how much of their budget went to pay the electricity bills from Enron.
Somebody - probably another Dr. Spock child eager to tell on his peers - prattled! Under quiet pressure from the Croats, another deal was made and a couple of guys were charged as war criminals. Electricity costs went down (but not to the consumers) and as a part of the deal nobody talked, except about the wonderful vacations that they were enjoying in the Caribbean.
(...)