Word: lay
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...Watergate committee, and the trio of Lieberman, Levin and Thompson - who has already made a declaration of sorts by urging the White House to "get the information out" about Enron contacts - should make for ripe daytime-cable viewing all spring. But while Lieberman must be pleased to know Ken Lay's schedule is now officially cleared, he doesn't have any big guests booked yet, and will kick of the 2002 hearings season relegated to obscurity on CSPAN3...
...That's fine with the Democrats, who aren't in much hurry. Their job isn't to solve the case, just make a lot of noise about it, with the complete understanding that every time they say "Enron" and "Ken Lay," voters are likely to think "Big Business" and "George W. Bush." Carefully orchestrated, they can turn the myriad Enron investigations - not just into criminality but 401(k)s, tax laws, SEC accounting rules and anything else they can think of - into a prevailing wind on everything from energy policy to tax cuts and the economy. All they...
...point. Senate Democrats will have to make the most of their nominal moral advantage of having been out of power until very recently, because the longer the investigations into Enron, Andersen and supposed supervillain Lay go on, the wider the conclusions are likely to spread the guilt. For all the scolding of Enron's accounting, of its retirement plan, of its executive perks and funny habit of not paying much in the way of taxes the past five years, an early glance suggests that congressional investigators will find an awful lot of it to be perfectly legal...
...talk about being forthcoming--getting "in front of the story," as it's known in Washington--Bush officials insist they see nothing odd about the idea that it took nearly three months for Commerce Secretary Don Evans and Treasury Secretary Paul O'Neill to inform the White House that Lay had come to them seeking help as the company was going under. If the White House's story is so clean--Enron asked; we said no--why wait three months to tell...
Business writer DANIEL KADLEC once again dives into the stirring political and financial tale of Kenneth Lay, Arthur Andersen and the fallen Texas energy-trading giant known as Enron. Talk to Dan about one of the largest and most spectacular corporate collapses in U.S. history and what it will mean for shareholders, politicians and Enron execs, on Wednesday...