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Updated: 3/26/04; 12:56:13 PM.
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Sunday, October 5, 2003
  9:34:40 AM  
Greg Blast, commenting on an effort that causes California to forgive Enron seveal billion dollars of debt -- about the same amount as the state deficit.

http://www.gregpalast.com/detail.cfm?artid=283&row=0

...But if Arnold is selected, it's 'hasta la vista' to the $9 billion.  When the electricity emperors whistle, Arnold comes -- to the Peninsula Hotel or the Governor's mansion.  The he-man turns pussycat and curls up in their lap.

How can that be done?  Follow the trail with me.

While Bustamante's kicking Enron butt in court, the Davis Administration is simultaneously demanding that George Bush's energy regulators order the $9 billion refund.   Don't hold your breath:  Bush's Federal Energy Regulatory Commission is headed by a guy proposed by Ken Lay...

...But Bush's boys on the commission have a problem.  The evidence against the electricity barons is rock solid:  fraudulent reporting of sales transactions, megawatt "laundering," fake power delivery scheduling and straight out conspiracy (including meetings in hotel rooms).

So the Bush commissioners cook up a terrific scheme:  charge the companies with conspiracy but offer them, behind closed doors, deals in which they have to pay only two cents on each dollar they filched.

Problem:  the slap-on-the-wrist refunds won't sail if the Governor of California won't play along.  Solution:  Re-call the Governor...

... I asked Mr. [Schwarzenegger's] PR people to comment on the new Enron memos -- and his strange silence on Bustamante's suit or Davis' petition.  But Arnold was too busy [...] to respond.

The Enron memos were discovered by the Foundation for Taxpayer and Consumer Rights, Los Angeles, http://www.ConsumerWatchdog.org/