06.08.2013 - 14:04 [ Huffington Post ]

Larry Summers‘ Enron Connection Is Yet Another Reason Not To Make Him Fed Chairman

According to Kurt Eichenwald‘s 2005 book about the Enron scandal, „Conspiracy of Fools,“ then-California Gov. Gray Davis (D) reached out in late 2000 to Summers, who was then the Treasury secretary under President Clinton, for help with the state‘s little problem of power outages and skyrocketing electricity prices. Davis suspected, rightly, that Enron was toying with the state‘s electricity supply for fun and profit.