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Was Dean campaign run like Enron?

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AP Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-04 10:45 PM
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Was Dean campaign run like Enron?
It's probably too soon for this (there are really no facts, some circumstantial evidence and conjecture at this point), but if this turns out to be the case, I want to be the first person at DU to have guessed this.

What Enron did was spend money to say they made money, which they reported to the public, which got the public to buy shares, which the insiders then sold for inflated prices based on lies. (Ie, Enron signed an ink supply contract with the New York Times which required Enron to pay the New York Times a big signing bonus!!!! Enron then reported the projected value of the contract as income, which pushed up the share price, which resulted in the company raising more money, which they used to buy off more people to enter into contracts, which they reported, etc. -- ie, pyramid scheme).

Is this what trippi was doing? I don't know how this plays in, but at one point, one of Dean's biggest donors was, oddly, his own campaign staff. So they were paying money to these people, they were giving it back in donations, inflating the bat, getting everyone excited, getting more donations, which then went out the door into Trippi's consultancy, etc.

Was he spending money on volunteers and shit (like Dem...Dem's state-wide newspaper, which he talks about here) just to get people to participate and contribute to the bat? Afterall, they were reporting income instantaneously (via the bat) without having to report outflow for up to three months later. With a delay like that, you can spend a lot to make a lot before anyone catches up, as Enron did.

Was this whole thing more about ponzi or politics?
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