January 15, 2002
This might just be some spin, but if the below is even slightly accurate it could have a bigger effect on candidate donations than any dozen campaign finance laws.
Bush team may have feared Enron aid.
by Marcy Gordon, Jan. 14, 2002 | WASHINGTON (AP)
The meltdown of Enron Corp. threatened broader financial problems, but administration officials chose to do nothing -- even after being reminded by Enron that the government intervened in 1998 to prevent the collapse of a big fund for wealthy investors.
Fears of a conflict of interest involving a big Bush donor may have led to the inaction, analysts suggest.
Because of Enron's heavy donations to President Bush's campaigns, administration officials "were tied at the hip to Enron," said Bill Allison, an official of the private Center for Public Integrity. That made it hard to help. "The appearance would have looked terrible," Allison said. "They felt that they couldn't act on behalf of Enron because of the political fallout."
Bush team may have feared Enron aid.
by Marcy Gordon, Jan. 14, 2002 | WASHINGTON (AP)
The meltdown of Enron Corp. threatened broader financial problems, but administration officials chose to do nothing -- even after being reminded by Enron that the government intervened in 1998 to prevent the collapse of a big fund for wealthy investors.
Fears of a conflict of interest involving a big Bush donor may have led to the inaction, analysts suggest.
Because of Enron's heavy donations to President Bush's campaigns, administration officials "were tied at the hip to Enron," said Bill Allison, an official of the private Center for Public Integrity. That made it hard to help. "The appearance would have looked terrible," Allison said. "They felt that they couldn't act on behalf of Enron because of the political fallout."
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