David Rosenthal: belief

Transcript context

…When we say out to lunch, physically, what was he doing? He was taking one of the Enron corporate jets around sometimes to vacation with his family, sometimes to pick his daughter up from France, but often to DC to hobnob. With the Bush family and other people in the Bush administration. Even in between the two Bush administrations. With the Clinton administration. He gave a bunch of money there, too, and did meetings with the Clinton administration officials. I think what might have been going on here, yes, Ken had most of his net worth in Enron stock, and then he started doing margin loans against that stock with banks. Then when he gets the margin calls, he would have to repay them. But the way he repaid them was he took cash loans from Enron, so Enron alone can cash. Oh, my god. What a merry go round.…

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