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Monday, January 14, 2002
ST.V
THE BAXIAL
Bush was not informed
of Enron’s plea for help
WASHINGTON (AP)- Two
Bush cabinet members said Sun
day they never considered inter
vening in Enron’s spiral toward
bankruptcy, nor informed Presi
dent Bush of requests for help
from the fallen energy giant.
“Companies come and go. It’s
... part of the genius of capitalism,”
said Treasury Secretary Paul
O'Neill, when asked if he vcis sur
prised at the sudden collapse of
Enron. The company’s failure has
left the one-time energy trading
behemoth's stock virtually worth
less and thousands of workers’
pension funds in disarray.
Last fall, a month before de
claring bankruptcy. O’Neill re
ceived two telephone calls from
Enron's chief executive, Kenneth
Lay. Lay also called Commerce
Secretary' Don Evans at the time,
reaching out for lie Ip to harness iIk*
energy company’s financial slide.
O’Neill’s view of Enron’s col
lapse was characterized as “cold
blooded” and reflective of “the
18th century, but not the 21 st cen
tury” by Sen. Joseph Liebennan.
D-Conn., whose Committee on
Governmental Affairs is leading
Senate investigations into the
Enron debacle.
Separately. Liebennan said
that an internal Arthur Andersen
LLP memo on Oct. 12 directing
that all but basic Enron working
papers be destroyed “raises very
serious questions about whether
obstruction of justice occurred.”
Andersen this past week re
vealed that Enron documents had
been destroyed. But Liebennan
said most troubling was that the
Traveling together
has never been better
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tlplLilj
40L*
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memo, disclosed in a report in
Time magazine, “was specifical
ly about Enron” and not a gener
al directive to clean out files.
Congressional investigators want
to find out w hy Andersen did not
raise flags about Enron’s business
practices.
Liebennan and Sen. John Mc
Cain, R-Ariz., said on CBS’
“Face the Nation” the adminis
tration may have been rieht in
McCain, a longtime voiaj
campaign finance reform
Cain acknowledged
$9,500 in Enron contributH
two Senate campaigns.
Liebennan, who saidhel
ceived $1,000 from Enron i
1994 Senate campaign, saic |
focus of his committee’sin\:
gatum ns ill lx* “whetheramt
influence” from Enron m«*|
fectcd the administrations
Contributions from Enron
I to hi • C 1T>p1 MM.) o(fn
not intersening to try to save En
ron. But they said the govern
ment ’s response — as well as ear
lier federal monitoring of its
business practices — may have
been hampered by the energy
company’s freewheeling floss of
campaign contributions.
“We re all tainted by the mil
lions and millions of dollars that
were contributed by Enron exec
utives. which ... creates the ap
pearance of impropriety.” said major beneficiary.
TAMD
dling of the Enron colla;\ e
oversight by federal aeencif u
“I don’t feel at all co
miscd.” Liebennan adde. j,
ferring to his committed
s cstig.it ion B
Since 1990. Enron and it
ployees contributed $5.77
lion to political campi
about three-fourths of it lo
candidates. About half a
money w as spent in the
election, with President B
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■■
>11
studentodvantage.com
SAW STUDENT
11
Right now is the best time to take a trip on Arntrak? With service to over 500 cities and towns, Amtrak
offers a perfect getaway for you and your friend, satisfaction guaranteed. Just reserve one ticket for yourself,
travel anytime between January 9 and February 28, 2002, and your companion travels for free—but act now,
because reservations for this special offer ends February 21, 2002.
For even more savings use your Student Advantage® Card and save 15% on the coach fare on the first fare.
In fact, with Student Advantage you can save 1 5% on coach fares all year long! To join Student Advantage
call 1-877-2JOINSA or visit www.studentadvantage.com.
For more information about the Buy-One-Get-One-Free offer just mention code H207 when you call your
travel agent or 1-800-USA-RAIL. Or take the fastest route to your ticket when you visit www.amtrak.com.
Buy-One-Get-One
Student Advantage Members get
15% off the regular coach fare,
the second person is FREE.
Offer valid for purchase 1/2/02-2/21/02 for travel 1/9/02-2/28/02. Minimum 7-day
advance reservations required, including those designated as unreserved trains. Purchase
required within 3 days of reservation. Fares are non-refundable once purchased. Offer
not valid on Acela Express 1M , Metroliner , Auto Train*, joint Arntrak-A/IA* Rail service
to Ontario and 7000-8999 series Thruway service Offer also not valid for local travel
within the Northeast Corridor on Friday or Sunday between 11a m.-llp.m on Acela
Regional* trains Blackouts apply on all trains for 2/15/02-2/18/02 and, on the Crescent,
City of New Orleans and Sunset Limited only, for the following additional dates.
1/31/02-2/4/02 and 2/7/02-2/13/02. Not valid with any other discounts, fares orders or
promotions Fare passenger and companion must travel together on the identical
itinerary Other restrictions and exchange fees may apply,
TRAVEL AGENTS: access your GDS for complete details: G/PRO/WTR: Sabre:
Y/PRO/WTR. Attach coupon to auditor's coupon; if electronically reporting, attach to
agent coupon. All Travel Agents and Amtrak Ticketing Agents please return the
coupon to: Amtrak Customer Segmentation, 10 G Street, NE, Washington, DC 20002.
arc # 8 554 270 oooo 207 i Mention Code: H207
Amtrak* is a registered service mark of the National Railroad Passenger Corporation.
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Non-Student Advantage Members
buy regular coach fare, the second
person is FREE.
Name:
Address:
City:
State:
Zip:
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AJVl-r FtAK*
January
31 s *
For the Bride and
Groom to be...
It's time again for the Spring Bride
Section, and space is selling fast!
This is a special section that hel|i
to inform the bride and groom
planning for marriage; from tb
engagement ring to honeymoon.
Deadline: January 25, 2001
Contact your Battalion
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845.2696
Xj
2^7
THE BATTALION