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RadioRote
Prediction:
Senate
Postponement May Allow Enron Inquiry to Re-Focus Blame.
02/03/02
(21:00).
The Senate postponed
Congressional hearings into the Enron ordeal set for Monday after Kenneth
Lay decided he would not show up to testify. As of this writing, there has
been no known move in Congress to somehow compel him to give testimony.
Mr. Lay, after he and his wife's media blitz last week (through PR firm
Hill and Knowlton), decided that Congress was already unhappy with Enron's
practices and that this put him at an unfair disadvantage.
Mr. Lay should note that
if Congress was happy with his company's practices, he would not have been
asked to appear before them in the first place.
Here is a man who is
obviously trying to survive the fall-out that he took part in
creating. RadioRote
regards Mr. Lay's decision as one which places both Congress and himself
in an advantageous position:
Given the financial history
between Enron and their political patronage in D.C., RadioRote
believes Mr. Lay is devising a strategy to win some type of
concession or immunity from Congress as part of an overall deal for him to
testify.
RadioRote
further speculates that Mr. Lay is banking that Congress will
feel pressure from citizens for answers regarding the Enron debacle, and
this will put Congress in a position to be forced to cut a deal with him
to testify-- despite any possible forthcoming Congressional statements to the contrary.
Congress, itself, may be
feeling uncomfortable with parts of the upcoming hearings since most of
them, and their parties, belong to what RadioRote
calls "Enron's cash clique". All sides might feel that a deal
for some kind of immunity, or re-focusing of the investigation, will allow
many of those involved on both sides of the hearings a back door to escape
from full public censure.
In this scenario, since there
will now be enough Texas-size manure to spread around, no one will
reek too much from the personal corruption and blame they readily
deserved.
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Last Maintenance Performed: February 3rd, 2002
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