TOTAL INFORMATION ANALYSIS

Saturday, October 04, 2003

Greg Palast, American reporter for the BBC and the Guardian, reports:

[Schwarzenegger] 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 . . . 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. . . .

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. . . .

Who's the plaintiff taking on the bad guys? Cruz Bustamante, Lieutenant Governor and reluctant leading candidate against Schwarzenegger. . . .

One month after Cruz brings suit, Enron's Lay calls an emergency secret meeting in L.A. of his political buck-buddies, including Arnold. Their plan, to undercut Davis (according to Enron memos) and "solve" the energy crisis -- that is, make the Bustamante legal threat go away. . . .

While Bustamante's kicking Enron butt in court, the Davis Administration is simultaneously demanding that George Bush's energy regulators order the $9 billion refund. Don't hold your breath: Bush's Federal Energy Regulatory Commission is headed by a guy proposed by … Ken Lay. . . .

The evidence against the electricity barons is rock solid: fraudulent reporting of sales transactions, megawatt "laundering," fake power delivery scheduling and straight out conspiracy (including meetings in hotel rooms).

So the Bush commissioners cook up a terrific scheme: charge the companies with conspiracy but offer them, behind closed doors, deals in which they have to pay only two cents on each dollar they filched.

Problem: the slap-on-the-wrist refunds won't sail if the Governor of California won't play along.

TOTAL INFORMATION ANALYSIS: Palast's story gives Davis a little too much credit in thinking he would seriously push for money from Enron. After all, as the group who obtained the documents points out, fromer Enron CEO/Chairman Ken "Kenny Boy" Lay gave Davis more than $100,000 in contributions.

Arnold's meeting with Michael Milken, Richard Riordan and Ken Lay brings to mine his rendezvous with Warren Buffett and Lord Jacob Rothschild back in 2002.

In other news, Schwarzenegger's buddy George Butler tells the New York Times it would just be too hard right now to go through the film shot for Pumping Iron so as to prove that Arnold's praise of Hitler was really more milquetoast than it sounds, honest.

And Drudge reports Arnold's Kennedy wife is halfway through a nervous breakdown.

| Posted at 21:03 | PERMA-LINK |

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