Bush Shafts Enron Victims

Robert L. Borosage

June 14, 2007

Robert L. Borosage is co-director of the Campaign for America's Future. This article first appeared in The Huffington Post.

Wall Street’s investment banks just got another one step closer to making defrauding investors an accepted line of business. And Enron’s employees who lost their pensions and the small investors who got fleeced in the Enron frauds just got shafted again—this time at the urging of President George W. Bush.

Wall Street’s most powerful investment banks and their friends in high places lobbied the U.S. Solicitor General Paul Clement to reject the recommendation of the Securities and Exchange Commission that the Justice Department support defrauded investors in their appeal to the Supreme Court.