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Commentary :: Human Rights
BTL:Guilty Verdict in Enron Case Won't End Crony Capitalism
03 Jun 2006
Interview with Charlie Cray, director of The Center for Corporate Policy, conducted by Between the Lines' Scott Harris
Guilty Verdict in Enron Case Won't End Crony Capitalism

Interview with Charlie Cray, director of The Center for Corporate Policy, conducted by Scott Harris

The guilty verdict delivered against Enron chief executives Ken Lay and Jeffrey Skilling on fraud and conspiracy charges came five years after the energy giant's 2001 collapse. Enron's failure cost stockholders $60 billion dollars, employees lost $2 billion in pension funds and 5,600 lost their jobs. Skilling faces a possible 185 years in jail, while Lay, Enron's founder, could spend up to 45 years in prison.

Before Enron's financial mismanagement was exposed, Ken Lay was one of President Bush's and the Republican Party's biggest contributors. Lay used his influence with the White House to help shape the administration's energy policy and promote corporate deregulation. Enron played a role California's 2001 electricity crisis where energy speculators like Ken Lay made millions and consumers suffered rolling blackouts and skyrocketing utility bills.

Between The Lines' Scott Harris spoke with Charlie Cray, director of The Center for Corporate Policy, who looks at the guilty verdict delivered against Lay and Skilling as well as the government deregulation which played an important role in Enron's collapse.

Charlie Cray is co-author of "The People's Business: Controlling Corporations and Restoring Democracy." Contact The Center for Corporate Policy and by calling (202) 387-8030, or visit the group's website at

LISTEN to this week's half-hour program of Between The Lines by clicking on one of the links below:
"Between The Lines" is a half-hour syndicated radio news magazine that each week features a summary of under-reported news stories and interviews with activists and journalists who offer progressive perspectives on international, national and regional political, economic and social issues. Because "Between The Lines" is independent of all publications, media networks or political parties, we are able to bring a diversity of voices to the airwaves generally ignored or marginalized by the major media. For more information on this week's topics and to check out our text archive listing topics and guests presented in previous programs visit:
"Between the Lines," WPKN 89.5 FM's weekly radio news magazine can be heard Tuesdays at 5:30 p.m. ET; Wednesdays at 8 a.m. ET and Saturdays at 2 p.m. ET (Wednesday's show airs at 7:30 a.m. ET during fundraising months of April and October).
For an email subscription of "Between The Lines Weekly Summary" which features a RealAudio link to the week's program for Between The Lines, send an email to btlsummary-subscribe (at)
For an email subscription of "Between The Lines Q&A" which features a RealAudio link and weekly transcript to one of the interviews featured on Between The Lines, send an email to btlqa-subscribe (at)
betweenthelines (at)
Distributed by Squeaky Wheel Productions
©2006 Between The Lines. All Rights Reserved.
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