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Finacial Times: US bankruptcies, and who received contributions

by RevereReviews Saturday, Aug. 10, 2002 at 7:26 AM

The Financial Times has an incredible series breaking down the 25 largest recent bankruptcies in America and showing how rich the corporate execs got in the process – a total of .3 billion

Most common names contributed the FT 61 contributed to:

Rep. Ed Markey (D-Massachusetts, senior democrat of the house

telecommunications committee; engineered 70 billion dollar giveaway

to Disney-Time Warner for digital TV, controls bids for undersea

telecom communications, subsidizes telecom/ communications industry),

Former Sen. Slade Gorton (R-WA-defeated 2002),

Sen. Conrad Burns (R-Montana, was chair of Communications

subcommittee of Senate Commerce, Science, and Transportation

Committee until Jeffords split the party, member, Energy and Natural

Resources Committee);

Sen. Gordon Smith (R-Oregon, also on Commerce and Energy Committees;

Don Nickles, Minority Whip, Chair (pre-Jeffords) of Energy

Subcommittee of Energy and Natural Resources Committee….

Everyone from Enron gave to W. in March-April '99. Interestingly,

very few hedged their bets with anyone other than Gore or Bush, even

though there was a lot of money flying around. One donation came to

McCain in '99. Bradley got two contributions – both from supporters

who contributed to no other candidate – so none of the hedge-your-bet

players thought the chance was worth 00. Even the smattering of

McCain 2000 contributions seem to stem from him being Chair of the

Senate Commerce Committee. So these guys had the primaries in the

bag in '99.

Sen. Spence Abraham (R-Michigan) was the leading recipient from Enron

in 2000. He lost to Debbie Stabinow in 2000 but was appointed Energy

Secretary under Bush.

"There was talk that Kenneth Lay would be named Bush's Secretary of

Energy, but it went to Abraham. According to Mother Jones magazine,

Lay is Bush's top Advisor.


"Kenneth Lay and other Enron officials interviewed several candidates

to fill vacancies on the Federal Energy Regulatory Commission, which

regulates Enron's main markets. Bush chose two people favored by

Enron and other companies." ("Bush Advisers On Energy Report Ties To

Industry", New York Times, Joseph Kahn, June 3rd, 2001 – Available at

the above is from:


Sen. Jeff Bingamin (D-New Mexico) was second, becoming chair of the

Energy Committee after the Jeffords switch.

Rep. Larry Combest (D-TX) comes up over and over… not a hometown

Enron congressman.. from Lubbock… Chair of the House Agriculture


Public Citizen: "Representatives Larry Combest (R-Texas), Charles

Stenholm (D-Texas) and Senator Phil Gramm (R-Texas) -- all top

recipients of Enron contributions -- played major roles in final

passage of the Enron-supported Commodities Futures Modernization Act

of 2000. The legislation, previously approved by the House and

President Bill Clinton, exempted energy derivative trading (Enron's

main business) from government regulation."


Peter Wareing, who spent million in 2000 for the House Texas 7

seat and lost in the primary, then ran in 2002 for the newly formed

31st district (Around Austin.. a short drive from Enron-land), spent

lots of money again and lost the GOP primary again. He is the son-in-

law of oil man Jack Blanton (CEO Ashland Petroleum, major power

player in Houston)…….

Feb. 26, 2002, 7:04PM

Blantons take their places at Dallas and Austin events


Copyright 2002 Houston Chronicle

The Jack Blanton family hit the road last week for two special events

enjoying the prestigious Blanton imprimatur.

First stop was Southern Methodist University in Dallas where the

family attended groundbreaking ceremonies Thursday for the new

student services center building to be named after the late Laura Lee

Blanton. This was a project that Blanton and his wife, an SMU

graduate, had been working on for several years before her death in


Saturday, the family headed to Austin for the inaugural fund-raising

gala benefiting the Jack S. Blanton Museum of Art at the University

of Texas. The gala was a sellout with more than 750 guests and

proceeds of 0,000, earmarked for acquisition of artwork.

Austin forces behind the gala were chairs Terri Quinn and Ellen Ray

as well as Lady Bird Johnson, who served as honorary statewide chair.

Donning their tuxedos and gowns were Blanton family members Jack

Blanton, Leslie and Jack Blanton Jr., Eddy and Kelli Blanton,

Elizabeth and Peter Wareing, Billy Wareing, Julie Wareing and Laura

Wareing Wheless and William Wheless.

Congressional Recipients of Contributions from the Financial Times 61:

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