Dean Henderson: The Untold Story - Enron, Taliban and Warburg!

In 1985 Drexel Lambert S&L crook Michael Milken helped Houston Natural Gas to merge with Internorth to create Enron. Kenneth Lay headed Houston Natural Gas and became chairman and CEO of the new company. Enron was the biggest corporate contributor to George W. Bush's campaign to become Texas Governor. Bush won, and Texas led the way in a nationwide deregulation of energy markets, which Lay advocated. Deregulation allowed Lay to pioneer energy trading via Enron Online. Throughout the political career of George W. Bush, Lay was his largest financial supporter, personally giving Bush $650,000. In 1993 Wendy Gramm, wife of Senate Banking Committee Chairman Phil Gramm (R-TX), joined the board of Enron where she was chair of Enron's Audit Committee. Wendy Gramm came to Enron straight from her job as 12-year chair of the Commodity Futures Trading Commission (CFTC), where she ostensibly aided in the cover -up of BCCI, Capcom, Mena drug trade and S&L scandals. At CFTC Gramm's main task was to oversee the complex derivatives market, a favorite haven for drug money laundering due to its opaque nature. While Wendy was covering tracks at CFTC, husband Phil was busy blocking key money laundering legislation and pushing for bank deregulation: He pushed passage of the Commodity Futures Modernization Act of 2000, which severely reduced government oversight of the derivative and futures markets.