Tag Archives: Enron

Deutsche Bank Goes Short

(Excerpted from Chapter 20: 911: Big Oil & Their Bankers…)

Days after 911 SEC Chairman Harvey Pitt, who was later forced to resign over his pathetic response to a series of corporate scandals, appeared on CNN to reveal a pattern of unusually heavy volumes of short selling of both airline and insurance stocks in the week prior to 911.  Continue reading

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Enron

south-america-2008-152(Excerpted from Chapter 9: The Texas Oil Mafia: Big Oil & Their Bankers…)

In 1985 Drexel Lambert S&L crook Michael Milken helped Houston Natural Gas merged with Internorth to create Enron.  Kenneth Lay headed Houston Natural Gas and became chairman and CEO of the new company.  Enron was the biggest corporate contributor to George W. Bush’s campaign to become Texas Governor. [389]  Bush won and Texas led the way in a nationwide deregulation of energy markets which Lay advocated. Continue reading

BP Woes & Welfare Oligarchs

000005In September 2014 US District Judge Carl Barbier ruled that BP was “grossly negligent” on that now infamous day of April 20, 2010 when BP’s Deepwater Horizon rig exploded and sank killing 11 workers and spewing millions of barrels of oil into the Gulf of Mexico.   BP could face $18 billion in additional fines due to the landmark  ruling. Continue reading

Enron, Taliban & Warburg: The Untold Story

Around the World Trip 2009 315(Excerpted from Chapter 9: The Texas Oil Mafia: Big Oil & Their Bankers…)

In 1985 Drexel Lambert S&L crook Michael Milken helped Houston Natural Gas merged with Internorth to create Enron.  Kenneth Lay headed Houston Natural Gas and became chairman and CEO of the new company.  Enron was the biggest corporate contributor to George W. Bush’s campaign to become Texas Governor. [1]  Continue reading