sE searched 

Enron Tipanic


 http://US-gov.ning.com


toledoblade.com -- Enron prosecutor says case parallels crisis in ...


Article published Saturday, October 4, 2008
BAR ASSOCIATION SEMINAR
Enron prosecutor says case parallels crisis in subprime mortgage industry














By KATE GIAMMARI
BLADE STAFF WRITER
A former U.S. attorney who prosecuted top Enron executives Kenneth Lay and Jeffrey Skilling said he sees several "eerie parallels" between the Enron case and the subprime mortgage crisis.


John C. Hueston, now a partner with the California-based law firm Irell & Manella LLP, was in Toledo yesterday to speak at the Toledo Bar Association's annual Kiroff/Bench Bar Seminar at the Park Inn Hotel, 101 North Summit St.


The event is named in honor of late Lucas County Common Pleas Court Judge George Kiroff. The theme of the day was "Litigating the high-profile case: The story behind the story." About 150 lawyers attended, said Jenna Grubb, director of communications for the Toledo Bar Association.


Also speaking yesterday was James P. Cooney III, a lawyer with Womble Carlyle Sandridge & Rice, who defended one of the wrongfully charged Duke lacrosse players.


Mr. Hueston said in both the Enron case and the current crisis, corporate boards of directors were not very connected to the unfolding crisis. Additionally, the same sort of public pressure exists to "find heads," or find someone responsible in the aftermath.


And, in both situations, executives were "making very bullish statements" about the health of their companies "just weeks before the collapse."


Among the legal pointers Mr. Hueston gave in his presentation - don't risk losing your credibility with a jury, and don't overreach when making your case in the opening statements.


He also detailed his strategy of making the prosecution about the "lies and choices" of the Enron executives rather than the details of their financial misdeeds.


To make it an accounting case would have been "incomprehensible to a jury," he said. "If our case is about mind-numbing accounting concepts, no one is going to care."


Both Lay and Skilling were convicted in 2006 on numerous counts of fraud and conspiracy, though Lay's conviction had to be voided because of his death shortly after the trial that kept him from pursuing an appeal.


In the Duke case, Mr. Cooney's client was one of three young men falsely accused of sexually assaulting a woman at a party. The prosecutor in the case eventually was disbarred for his role in making the accusations against them.


Mr. Cooney's presentation, "Anatomy of a Hoax," showed how he used electronic "footprints" - such as cell phone records from the accuser and the accused; ATM photos; data from an electronic dormitory card reader that recorded when one of the young men entered his dorm, and digital camera photos - to show his client did not commit any crime.


If a false accusation could be made against three Duke students with no criminal record, imagine what it means to others who could be accused, he said.


The case is important, he said, because it shows why the judicial system has a presumption of innocence and due process.


The third featured speaker was J. Christopher Anderson, co-lead prosecutor in the murder trial of Gerald Robinson. The priest was convicted in a high-profile case in 2006 of murdering Sister Margaret Ann Pahl 26 years earlier. He is serving a sentence of 15 years to life in the Hocking Correctional Facility in southern Ohio.



Contact Kate Giammarise at:
kgiammarise@theblade.com
or 419-724-6133.


Enron crisis grips JP Morgan | Business | The Guardian


Hutch Report: Enron Foretold Crisis On Wall Street, Economy 



  • Law Blog - WSJ.com : Mukasey Sums Up Mortgage Crisis: Enron or No ...


    6 Jun 2008 ... Yesterday, AG Mukasey rejected the idea of a national task force to combat the national mortgage crisis, leaving it to local prosecutors to ...
    blogs.wsj.com/law/2008/06/06/mukasey-sums-up-mortgage-crisis-enron-or-no-enron/ - 118k - Cached - Similar pages - Note this


  • Enron - Enron Creditors Recovery Corporation - The New York Times


    25 Sep 2008 ... Your search for SUBPRIME MORTGAGE CRISIS in Enron Creditors Recovery Corporation (Formerly Enron Corporation) returned 1 articles ...
    topics.nytimes.com/top/news/business/.../enron/index.html?query=SUBPRIME%20MORTGAGE%20CRISIS... - 39k - Cached - Similar pages - Note this


  • The Subprime Mortgage Crisis Has Nothing In Common With Enron ...


    28 Jan 2008 ... The Subprime Mortgage Crisis Has Nothing In Common With Enron. Jump to Comments. One needn’t google ‘subprime mortgage and Enron’ to see ...
    caraellison.wordpress.com/2008/01/28/enron-is-not-like-the-subprime-mortgage-crisis/ - 41k - Cached - Similar pages - Note this


  • Mortgage Crisis « cara ellison


    Tags: Enron, Fannie Mae, Freddie Mac, Mortgage Crisis ... Enron … And Enron Wins , Bitch. A post by Jonah Goldberg at the Corner at NRO compares Fannie Mae ...
    caraellison.wordpress.com/tag/mortgage-crisis/ - 51k - Cached - Similar pages - Note this
    More results from caraellison.wordpress.com »


  • Foreclosure Phil


    (For Gramm, Enron was a family affair. Eight years earlier, his wife, Wendy Gramm, ... and the Treasury Department for ubs on banking and mortgage matters. ...
    www.motherjones.com/news/feature/2008/07/foreclosure-phil.html - 188k - Cached - Similar pages - Note this


  • toledoblade.com -- Enron prosecutor says case parallels crisis in ...

     - 2 visits - 5:21am
    4 Oct 2008 ... Enron prosecutor says case parallels crisis in subprime mortgage industry. ... between the Enron case and the subprime mortgage crisis. ...
    www.toledoblade.com/apps/pbcs.dll/article?AID=/20081004/NEWS08/810040352/-1/NEWS - 50k - Cached - Similar pages - Note this


  • Latino World Online and Mundo Latino Online: Enron V: the home ...


    La semilla sembrada por un hombre llamado Martín. A point of View - Enron V: the home mortgage crisi... A point of View- Enron V: the home mortgage crisis. ...
    latinoworldonline.blogspot.com/2008/02/enron-v-home-mortgage-crisis-part-iii.html - 57k - Cached - Similar pages - Note this


  • Latino World Online and Mundo Latino Online: Enron V: the home ...


    24 Mar 2008 ... A point of View- Enron V: the home mortgage crisis... ► 2007 (2). ► October (2 ). Driver licenses for undocumented aliens · Welcome Page ...
    latinoworldonline.blogspot.com/2008/03/enron-v-home-mortgage-crisis-part-iv.html - 59k - Cached - Similar pages - Note this
    More results from latinoworldonline.blogspot.com »


  • Phil Gramm - Wikipedia, the free encyclopedia


    Gramm's wife, Wendy Lee Gramm, was on the board of directors of Enron when it famously ... [edit] Gramm's relationship to the 2008 Subprime Mortgage Crisis ...
    en.wikipedia.org/wiki/Phil_Gramm - 73k - Cached - Similar pages - Note this


  • US Attorney General: Mortgage Mess Isn’t Enron Redux : HousingWire


    6 Jun 2008 ... He told the Times that Mukasey’s stance on the mortgage issue was “disappointing ” and said that the current crisis was worse than Enron. ...
    www.housingwire.com/2008/06/06/us-attorney-general-mortgage-mess-isnt-enron-redux/ - 30k - Cached - Similar pages - Note this


  • Credit crunch confidence crisis worse than that of Enron - study ...


    Credit crunch confidence crisis worse than that of Enron - study. Article, News, Research, Information, Industry & Business News » View article excerpt ...
    goliath.ecnext.com/coms2/gi_0199-7363954/Credit-crunch-confidence-crisis-worse.html - 23k - Cached - Similar pages - Note this


  • Enron Topics Page - USATODAY.com


    Collection of all USATODAY.com coverage of Enron., including articles, videos, ... Companies are getting a taste of how the credit crunch is making it more ...
    content.usatoday.com/topics/topic/Organizations/Companies/Energy,+Oil,+Gas/Enron - 42k - Cached - Similar pages - Note this


  • rediff.com:Enron could be forced into major asset sales : Reuters


    "The additional deposit requirement could exceed Enron's credit lines and the schedule at which it can sell assets to raise cash," Krapels said. ...
    www.rediff.com/money/2001/nov/05enron1.htm - 22k - Cached - Similar pages - Note this


  • Stockman fraud trial puts Enron in the shade | Features | The ...


    Reaganomics and the credit crunch are in the dock at David A Stockman’s ... That is a breathtaking figure even by the standards of Enron and Conrad Black. ...
    www.thefirstpost.co.uk/45273,features,reaganomics-and-the-credit-crunch-are-in-the-dock-at-david-a-stockman-trial - 24k - Cached - Similar pages - Note this


  • Enron debt sinks on credit crunch -DAWN - Business; October 28, 2001


    NEW YORK, Oct 27: Bonds of Enron Corp., which is trying to curb fears that it faces a credit crunch, fell sharply on Friday after The Wall Street Journal ...
    www.dawn.com/2001/10/28/ebr9.htm - 14k - Cached - Similar pages - Note this


  • BW Online | February 18, 2002 | A New Credit Crunch


    A New Credit Crunch. Fears about shaky accounting have all sources of credit ... The implosion of Enron Corp. (ENE ) in a mushroom cloud of scandal has ...
    www.businessweek.com/magazine/content/02_07/b3770050.htm - 50k - Cached - Similar pages - Note this


  • Fool.com: Fruit of the Loom vs. Enron [Fool on the Hill] November ...


    People have likened Enron's credit crunch to the Long Term Capital Management ( LTCM) debacle of 1998, in which the enormous amounts of leverage taken on by ...
    www.fool.com/news/foth/2001/foth011107.htm - 45k - Cached - Similar pages - Note this


  • Bethany McLean: Enron was the pit canary, but its death went ...


    4 Oct 2008 ... Enron now seems like the canary in the coal mine. After its bankruptcy, Steve Cooper, ... Enron ·; Credit crunch ·; Regulators ...
    www.guardian.co.uk/commentisfree/2008/oct/04/enron.creditcrunch - 96k - Cached - Similar pages - Note this


  • Business.view | Enron revisited | The Economist


  • 18 Mar 2008 ... By comparison, $65 billion was wiped out at Enron, and $190 billion at Citigroup since May 2007, as the credit crunch turned into a crisis ...
    www.economist.com/daily/columns/businessview/displaystory.cfm?story_id=10873801 - Similar pages - Note this


  •  


     


     


     


     


     


     


     


     


     


     


     


     


     

    		•

    Page mailing to a friend temporary disabled