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Sacrificial Scams

heren Wrote: May 19, 2012 5:24 AM
Weeks later, after resigning from the CFTC, Wendy Gramm was appointed to Enron's board of directors ! When Senator Phil Gramm and his wife Wendy danced, it was most often to Enron's tune. Senator Phil Gramm R-Texas, was 1 of the top recipients of Enron largess in the Senate. And he was a demon for deregulation ! In Dec 2000 Gramm was 1 of the ringleaders who engineered the stealthlike approval of a bill: The Commodity Futures Modernization Act of 2000 that exempted energy commodity trading from govt regulation, public disclosure. It was a gift for Enron ! How Gramm Did It, he resorted to sneaking the CFMA 2000 into the 11,000 page 2001 omnibus spending bill
heren Wrote: May 19, 2012 5:25 AM
at the last moment of the Dec-2000 lame duck session, it was not debated or voted on.

The CFM Act 2000 completely deregulated, watered down the SEC's-CFTC's highly regulated oversight authority role in regards to;

the shady-shifty-risky, derivatives-credit-default-swap, investment-banking trading industry. including the infamous Enron Loophole,

which allowed Enron-Online, other energy related companies stock to be traded the same way.

Enron paid Wendy Gramm between $915,000 - $1.85 million in salary, attendance fees, stock options, dividends from 1993-2001.

W-G served on Enron's audit committee approving financial statements as a liaison to auditors Arthur Anderson.

2001, Enron collapsed, A-A folded, Wendy Gramm left Enron !
The real class warfare in this country isn't rich vs. poor, it's government employees vs. we, the taxpayers, who pay their salaries.

Working for the government is supposed to be a trade-off: You can't be fired and don't have to exert yourself, but you will receive smaller remuneration than in the private sector, where layoffs are common (especially in the Obama economy!). Instead, government jobs are safe, secure, pressure-free -- and now, amazingly lucrative!

Whether it's in Wisconsin, Illinois, California or the nation's capital, today's public sector workers expect to do little or no work (I'm not counting partying...

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