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Lay, Skilling and Bush insulate themselves before a long winter. Former Enron CFO Fastow's indictment today comes as further insulation against the real power behind the Enron fraud -- former CEOs Lay and Skilling and their political beneficiary Bush Junior.

Just as the absurd indictment of the firm of Arthur Andersen was a distraction from the real perps (and the political egg on many faces), so too will Fastow's indictment provide a convenient smokescreen for the guilty parties. After all, if your neighbor builds an illegal house in your backyard, does it make more sense to go after the architect (Fastow), the accountant (Andersen), or the bad neighbor (the naughty CEOs)?

Read about it in The Washington Post here.

Incidentally, there was a typo in the above article that I'm sure will be corrected soon, but it made me laugh so I have to paste it here:

"Fastow and his ho-conspirators systematically and thoroughly corrupted the business of one of the largest corporations in the world," [Deputy Attorney General] Thompson said.

Ho-conspirators [sic] indeed!

We may have to add Fastow's name to Enronistan.

{ 11:28 AM }

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