White House Knew Of Enron's Financial Problems In August, Former Exec Says
By Jason Leopold
Salon.com
June 7, 2002 | According to a former Enron Corp. executive under congressional investigation in relation to the company's collapse last fall, an Enron lobbyist tipped off the Bush administration last August about the company's impending financial problems.
Enron lobbyist Pat Shortridge met with White House economic advisor Robert McNally Aug. 15, the day after Enron president Jeff Skilling resigned, to alert the White House that Enron could face a financial meltdown that could possibly cripple the country's energy markets, the former Enron executive told Salon this week.
"It was very well known that Enron faced a financial meltdown," the former executive said. "The day that Jeff resigned our stock plummeted. We knew it wouldn't rally. What we didn't know was how the financial problems at Enron would impact the energy markets in the U.S. That's why Pat met with Mr. McNally. To find out."
By Jason Leopold
Salon.com
June 7, 2002 | According to a former Enron Corp. executive under congressional investigation in relation to the company's collapse last fall, an Enron lobbyist tipped off the Bush administration last August about the company's impending financial problems.
Enron lobbyist Pat Shortridge met with White House economic advisor Robert McNally Aug. 15, the day after Enron president Jeff Skilling resigned, to alert the White House that Enron could face a financial meltdown that could possibly cripple the country's energy markets, the former Enron executive told Salon this week.
"It was very well known that Enron faced a financial meltdown," the former executive said. "The day that Jeff resigned our stock plummeted. We knew it wouldn't rally. What we didn't know was how the financial problems at Enron would impact the energy markets in the U.S. That's why Pat met with Mr. McNally. To find out."
posted by Jasonleopoldwasright | 1:40 PM
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