Fallout

Members of Enron's board of directors, who signed off on Andrew Fastow's questionable LJM partnerships, are scrambling to deflect blame (and criminal penalties) from themselves: It's Andersen's fault. It's V&E's fault. It's Ken Lay's fault.

But in the end, Enron's board should have been asking more questions, and someone as talented and smart as we are told Wendy Gramm is should certainly have been questioning the wisdom of the LJM and Raptor deals.

[Posted at 23:54 CST on 08/01/02] [Link]