Then and Now
Then and Now
The difference between President Bush's administration, and President Clinton's could not be more stark when it comes to this issue.
"Bloom admitted paying the authority and U.S. military officials more than $2 million in money and gifts, the department said. In exchange, they used their official positions to award contracts to Bloom and his companies.
Bloom faces up to 40 years in prison, a five-year term of supervised release, and a fine of $750,000, the department said. Under the terms of his plea agreement, he must pay $3.6 million in restitution and forfeit another $3.6 million in assets to the U.S. government.
Bloom's lawyer, John Nassikas, said he was in federal custody in Washington. Nassikas said he was seeking to have Bloom released on bail and hoped his sentence would be "substantially reduced" because of his cooperation with authorities."
If Clinton were still president (God forbid!), a crime like this one would still be flying under the radar, just as corporate corruption was flourishing during the Clinton years.
"David Delainey, former chief executive of the retail unit, Enron Energy Services, testified earlier for the government that the move hid $200 million in losses, and he acquiesced to it under pressure from Skilling.
Skilling said the retail unit likely would not have reported losses had it remained separate from Enron Wholesale Services, which encompassed the company's larger, profitable energy trading franchise.
After the move, the wholesale division established a $240 million reserve intended to cover retail losses. Skilling said the reserve was established as a conservative measure in case losses came up — not because losses were already there for wholesale to absorb and hide from investors."
Countless corporate corruption schemes have been prosecuted since President Bush took office. Who did the Clinton Justice Department go after? A Christian religious sect, not even brought up on weapon's charges, though that was supposedly their crime, whose compound was burned to the ground with the massacre of innocent men, women & children, for one. And lest we forget, Elian Gonzales taken at gunpoint in the middle of the night, so that he could be sent back to the despot Castro's Cuba! I don't even want to talk about the CIA under Slick Willie! [Hat tip: All Things Conservative]
The next time you hear Pelosi or Dirty Harry Reid screech "culture of corruption", remember where the culture of corruption lies.
Thank you, President Bush, for bringing honor and integrity back to the White House, and Washington, D.C.
The difference between President Bush's administration, and President Clinton's could not be more stark when it comes to this issue.
"Bloom admitted paying the authority and U.S. military officials more than $2 million in money and gifts, the department said. In exchange, they used their official positions to award contracts to Bloom and his companies.
Bloom faces up to 40 years in prison, a five-year term of supervised release, and a fine of $750,000, the department said. Under the terms of his plea agreement, he must pay $3.6 million in restitution and forfeit another $3.6 million in assets to the U.S. government.
Bloom's lawyer, John Nassikas, said he was in federal custody in Washington. Nassikas said he was seeking to have Bloom released on bail and hoped his sentence would be "substantially reduced" because of his cooperation with authorities."
If Clinton were still president (God forbid!), a crime like this one would still be flying under the radar, just as corporate corruption was flourishing during the Clinton years.
"David Delainey, former chief executive of the retail unit, Enron Energy Services, testified earlier for the government that the move hid $200 million in losses, and he acquiesced to it under pressure from Skilling.
Skilling said the retail unit likely would not have reported losses had it remained separate from Enron Wholesale Services, which encompassed the company's larger, profitable energy trading franchise.
After the move, the wholesale division established a $240 million reserve intended to cover retail losses. Skilling said the reserve was established as a conservative measure in case losses came up — not because losses were already there for wholesale to absorb and hide from investors."
Countless corporate corruption schemes have been prosecuted since President Bush took office. Who did the Clinton Justice Department go after? A Christian religious sect, not even brought up on weapon's charges, though that was supposedly their crime, whose compound was burned to the ground with the massacre of innocent men, women & children, for one. And lest we forget, Elian Gonzales taken at gunpoint in the middle of the night, so that he could be sent back to the despot Castro's Cuba! I don't even want to talk about the CIA under Slick Willie! [Hat tip: All Things Conservative]
The next time you hear Pelosi or Dirty Harry Reid screech "culture of corruption", remember where the culture of corruption lies.
Thank you, President Bush, for bringing honor and integrity back to the White House, and Washington, D.C.
This is absolutely true. When Ken Lay from Enron asked for help from the WH, Bush said, "NO". What a difference, eh?
I'm just so upset with him over a certain issue not to be named today!
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