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Bushwhacked:
Inside Stories of
True Conspiracy
by Uri Dowbenko
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POWER SCAM
The Enron-Bush Connection
by Uri Dowbenko
Enron Rigs Washington During the Clinton Years
Even though it has strong ties to the Republican
Party, Enron also did remarkably well during the
Clinton years.
Most importantly, they got a ban lifted on
Export-Import Bank financing of projects in China.
This allowed Enron to move forward on overseas
projects guaranteed by US taxpayers. In other words,
if Enron "fails," you pay.
Enron also got new rules instituted at the Ex-Im
Bank that allowed the bank to finance projects on the
basis of projected cash flow.
This insider track helped Enron make multi-billion
dollar deals overseas with US taxpayers guaranteeing
their performance.
* March 1993, Enron made a deal to develop new
European markets for Russian gas.
* November 1993, Enron made a $1 billion deal with
Turkey to develop two power plants. Ex-Im Bank
provided $285 million in financing. The Overseas Private
Investment Council(OPIC)covered insurance costs.
* August 1994, Enron made a deal to build a power
plant in India. ExIm provides major financing and OPIC
provides an additional $100 million.
* November 1994, Enron made a deal to build a $130
million power plant in China. Ex-Im Bank again
provided the financing.
Moral of the story? When you're a monopoly
capitalist, it doesn't matter who's in office.
Republicans. Democrats. They all bribe the same.
© 2001, Uri Dowbenko. All rights reserved.
This aricle is included in the new book
by Uri Dowbenko
"Bushwhacked: Inside Stories of True Conspiracy"
Available Now (Click here for more information)
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