May 16, 2006

Closing Enron Arguments

The prosecution rests. Kenneth Lay and Jeffrey Skilling pled that the company was brought down by short selling and bad press instead of fraud and lying. Riiiiight.

Meanwhile, Enron's creditors still want Snohomish Co. utility customers to pay contract cancellation fees for energy contracts purchased while Enron was robbing the utility blind. Sen. Cantwell has called for the evidence tapes in the case to be made public through a FOIA request, but the Federal Energy Regulatory Commission doesn't want them disclosed. If Snohomish utility customers (and probably former Enron customers all over the west) have a message for the FERC and Enron's creditors in response, any uncensored reply would probably include upraised middle fingers.

Posted by natasha at May 16, 2006 02:27 AM | Corruption & Graft | Technorati links |