Posts Tagged ‘Wendy Gramm’

Happy Enron Anniversary, Wendy Gramm

December 14, 2009

Happy Enron Anniversary, Wendy Gramm

Eighth anniversaries are “Bronze Anniversaries,” and there have been few events more brazen than the collapse of the Enron Corporation. It happened eight years ago, and this groundbreaking cataclysm would not have been possible without the assistance of Wendy Gramm, PhD.

As Chairman of the Commodity Futures Trading Commission (CFTC), Dr. Gramm ended governmental oversight of energy derivatives traded by Enron and other companies. Six days after leaving government, she was named to the Enron board of directors, where she headed the Audit Committee and was paid a million or two by the rogue corporation.

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