Opinion and Comment: Bob Weaver|
The Enron debacle is not about big business rich folks taking advantage of each
other, although that likely happened.
It is not about a big business that failed, as happens in the real life world of
commerce, although it certainly went down the tube - $61 billion worth.
It is about thousands upon thousands of ordinary workers, both white and blue collar
who invested their money, were lied to and are now broke, their pensions and savings
It is about Enron insiders and "fat cats" who got wealthy by the bankruptcy, selling
stock before the collapse and golden parachuting, not allowing the "little guys" to
sell their stock.
It is about the three blind mice syndrome, where Enron CEO has become "Mr. Lay,"
and is no longer known as "Kenny Boy." Lay, the long time friend and financial
supporter of President Bush, has become a distant acquaintance, now a mister.
It is about the U. S. government that has oversight, rules, regulations and laws about
the most minuscule of products and services, turning its head on Enron, changing
and ignoring rules and laws, changing oversight.
It is about, and please don't forget it, a terrorist attack on the "little people."
Stay tuned for the weaseling and the great escape, except for a few fall guys.