Wednesday, February 19, 2003
The house fell down and the architects flee. In the bloodsucking House of Enron, the architects are trying to pretend they aren't vampires too, now that Arthur Andersen has a stake in its heart ( ): Houston Chronicle Sadly, the beneficiaries of the favor economy will doubtless triumph over those who rely on the lower-class money economy — such as Enron's shareholders and employees who have been relieved of their life savings and retirement income.
The law firm of Vinson & Elkins and three investment banks have asked a federal appellate court to overrule U.S. District Judge Melinda Harmon and let them out of the Enron shareholder lawsuit.
The law firm, J.P. Morgan Chase & Co., Credit Suisse First Boston Corp., and Barclays asked the 5th U.S. Circuit Court of Appeals to find that Harmon has abused her discretion in their cases.
Their technical point is that Harmon improperly refused to allow them to appeal her ruling that they must stay in the case.
But the reality is that they've gone over Harmon's head to ask the appellate court for a favor that is seldom granted.
Just seeing the word Enron makes me think, "White collar crime pays so much better than street crime."
We last wrote about the House of Enron and its vampire architects a mere five days ago in a lengthy post on the 2,700-page congressional report dealing with its collapse.
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First Command fifty percent load
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John O'Neill: The man who knew
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