Stunning Depths of Government Collaboration with Enron Revealed
We are going to begin with a Democracy Now! exclusive. The Institute for Policy Studies in Washington DC today willrelease an explosive new report saying that Enron Corp. was able to become a global giant only because governmentagencies, both American and foreign, gave it more than $7 billion in publicly funded financing over the past decade.The report is called “Enron’s Pawns: How Public Institutions Bankrolled Enron’s Globalization Game.” The reportbegins:
"Many public officials have described Enron’s demise as the product of corporate misbehavior. This perspectiveignores a vital fact: Enron would not have scaled such grand global heights, nor fallen so dramatically, without itsclose financial relationships with government agencies. Since 1992, at least 21 agencies, representing the U.S.government, multilateral development banks, and other national governments, helped leverage Enron’s global reach byapproving $7.219 billion in public financing toward 38 projects in 29 countries. For example:
