Enron's fallout turns up the heat on White House (Sunday Business, January 13, 2002)

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Enron's fallout turns up the heat on White House

Sunday Business, January 13, 2002. 

THERE were those who thought the Enron sinkhole might stop growing after it created the world's largest bankruptcy, triggered myriad regulatory investigations and humiliated leading Wall Street firms and accountants that should have known better.

But the hole dug by Enron's chairman, Kenneth Lay, as he deftly cultivated bankers, analysts and politicians just keeps getting bigger and threatens to engulf the Bush administration. What started as a run-of-the-mill Wall Street scandal now has all the appearances of a political and financial blockbuster as even President George Bush is forced to excuse himself from the war on terrorism to sidestep in every way he can to avoid ...