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Sunday, Mar 24, 2002

on the seen

"WASHINGTON (March 22, 2002) - The Institute for Policy Studies today released an exhaustive study of public financing toward Enron's overseas expansion. IPS' new report, Enron's Pawns: How Public Institutions Bankrolled Enron's Globalization Game, explores how the now-fallen giant's rise to global prominence absolutely depended upon close financial relationships with U.S. agencies, the World Bank, and other government institutions. "It should be a national disgrace that the U.S. government was subsidizing Enron's far-flung and often harmful global operations," said John Cavanagh, Director of IPS."