Greg Palast: Arnold Unplugged - follow the money

[cosmicdot]

Arnold Unplugged - It's hasta la vista to $9 billion if the Governator is selected

Friday, October 3, 2003


~snip~

The wannabe governor has yet to deny that on May 17, 2001, at the Peninsula Hotel in Los Angeles, he had consensual political intercourse with Enron chieftain Kenneth Lay. Also frolicking with Arnold and Ken was convicted stock swindler Mike Milken.

Now, thirty-four pages of internal Enron memoranda have just come through this reporter's fax machine tell all about the tryst between Maria's husband and the corporate con men. It turns out that Schwarzenegger knowingly joined the hush-hush encounter as part of a campaign to sabotage a Davis-Bustamante plan to make Enron and other power pirates then ravaging California pay back the $9 billion in illicit profits they carried off.

Here's the story Arnold doesn't want you to hear. The biggest single threat to Ken Lay and the electricity lords is a private lawsuit filed last year under California's unique Civil Code provision 17200, the "Unfair Business Practices Act." This litigation, heading to trial now in Los Angeles, would make the power companies return the $9 billion they filched from California electricity and gas customers.

~snip~

The pay-off? Once Arnold is Governor, he blesses the sweetheart
settlements with the power companies. When that happens,
Bustamante's court cases are probably lost. There aren't many judges
who will let a case go to trial to protect a state if that a governor
has already allowed the matter to be "settled" by a regulatory agency.

~snip~


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

[teryang]

1. And now we know

...the rest of the story. Arnold's big money supporters must be the shareholders and creditors of these crooked energy companies. It's the swindle and disinformation that never ends.

Arnolds spokesman was on NBC minutes ago blaming Davis for the ten billion in debt attributed to the energy swindlers. It's a perfect example of the truth being just the opposite what a repuke claims.

[Ilsa]

2. My biggest fear is that it is too late.

It is the weekend, and we all know how long it takes the media to digest new information like this. No one is going to call the directors of news to see if they want to come in and look at this, so the weekend newscasters will wait. It'll wait until the day before the election and then be too convoluted a message for most people to get.

[emcglynn]

3. Its time

for all good men and women to come to the aid of there party.

[emcglynn]

4. sorry

their party