Thursday, October 26, 2006

The Enron crimes

This is really sickening.

I'm showing you an excerpt from an article by Greg Palast:

Don't kid yourself. If you think the sentencing of Jeff Skilling, former Enron CFO (criminal financial officer), to twenty-four years in the slammer means that justice has been done, think again.

First, Skilling got away with murder - or at least grand larceny. Like Al Capone convicted of failing to file his taxes, Skilling, though found guilty of stock fraud, is totally off the hook for his BIG crime: taking down California and Texas consumers for billions through fraud on the power markets.

Jeff Skilling, his unmourned co-convict Ken Lay and Enron did not act alone. They connived with half a dozen other power companies and a dozen investment banks to manipulate both the stock market and the electricity market. And though their co-conspirators have now paid $3 billion to settle civil claims, the executives of these other corporations and banks get a walk on criminal charges.

Furthermore, to protect our President's boardroom buddies from any further discomforts, the Bush Justice Department, just days ago, indicted Milberg Weiss, the law firm that nailed Enron's finance industry partners-in-crime. The timing of the bust of this, the top corporation-battling law firm, smacks of political prosecution - and a signal to Big Business that it's business as usual.

So the goons have gone after the law firm that got Skilling and Lay convicted. Sends quite a signal doesn't it? "Mess with us and we'll get you back - and good." Now what high powered law firm is going to be willing to take on the president's business buddies? Just sickening.

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