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Enron

Texas Gets Lay’d: How the Bush Family turned off the lights

Maybe because Texas gave us that wet-lipped huckster Ted Cruz, you think the state deserves to freeze in the dark. I get that, but it’s not their fault, a least not the victims burning family heirlooms to stave off frostbite. “What happened was entirely predictable,” power distribution expert attorney Beth Emory said of the blackouts. She told me this… READ MORE

Enron's Skilling Sentenced; Bush Walks

Update of the original report for Truthout

[October 24, 2006]
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.Ken Lay
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.

British Petroleum's "Smart Pig"

The Brilliantly Profitable Timing of the Alaska Oil Pipeline Shutdown

alskapipelineFor The Guardian (UK)
Is the Alaska Pipeline corroded? You bet it is. Has been for more than a decade. Did British Petroleum shut the pipe yesterday to turn a quick buck on its negligence, to profit off the disaster it created? Just ask the “smart pig.”
Years ago, I had the unhappy job of leading an investigation of British Petroleum’s management of the Alaska pipeline system.

When Ahnold Got Lay'd

 Excerpted from Armed Madhouse
May 17, 2001. In a room at the Peninsula Hotel in Beverley Hills, the Financial Criminal of the twentieth century, not long out of prison, met with the Financial Criminal of the twenty-first century who feared he may also have to do hard time. These two, bondmarket manipulators Mike Milken and Ken Lay, no-yet-indicted Chairman of Enron Corporation, were joined by a select group of movers and shakers – and one movie star.

The Al Capone of Electricity

layKen Lay Will Get Away with his Real Crimes

Seattle Post-Intelligencer
Al Capone cut throats, machine-gunned people to build his gang and went to jail””for not filing his taxes properly. Likewise, Ken Lay, buccaneer of the power industry, will go down””if the jury doesn’t buy his alibi””for not filing his SEC forms properly.