Rick Causey (Enron head beancounter) flips

With Ken Lay and Jeff Skilling slated to go on trial in a few weeks, their defense teams just got bad news:

Enron's former chief accounting officer, Richard Causey, has struck a plea bargain with federal prosecutors and will avoid going to trial with the fallen energy company's two top executives, according to a person familiar with the negotiations. ...

Causey, 45, agreed to testify against his former bosses, Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling, in exchange for a much lesser prison sentence than he would receive if convicted on all counts. The trial is scheduled to begin next month, but a delay is considered likely since defense attorneys would want more time to prepare for the government's new witness.

Causey is charged with fraud, conspiracy, insider trading, lying to auditors and money laundering for allegedly knowing about or participating in a series of schemes to fool investors into believing Enron was financially healthy. The company imploded in late 2001 amid disclosures of complicated financing schemes that gave the appearance of success.

As indicated, the trials of Lay and Skilling will likely be postponed while their lawyers scheme a strategy to attack Causey, who is now a hostile witness. Causey ranks higher on the totem pole than Fastow, was an insider to the boardroom where Lay and Skilling managed the company, and is without the stain of self-enrichment that accompanies Andy Fastow:

Causey could be more damaging to Lay and Skilling than former Enron finance chief Andrew Fastow, who joined the government's cadre of cooperating witnesses when he pleaded guilty to two counts of conspiracy in January 2004. Unlike his former peer, Causey didn't skim millions of dollars for himself from shady deals and therefore would bring less baggage to the witness stand.

"While they were preparing to deal with Fastow, Causey is another matter," said Robert Mintz, a former federal prosecutor. "Fastow has been so demonized by the books and media accounts of the Enron collapse that he is an enticing target for the defense teams."

And finally, for the trivia buffs:

Causey would become the 16th ex-Enron executive to plead guilty and agree to cooperate with the government.

Could it be more embarrassment for the Republicans in the new year as the Enron thieves turn on each other?

DVO and DFA

The Christmas holiday is passed, the fiber-optic Santa packed away, and the campaigns for the March primary are about to swing into high gear. I am going to advocate again for my favorite Democratic candidate, and it's not to beg for money (though you would never be discouraged from donating).

David Van Os needs your help in securing the endorsement of his campaign for Texas Attorney General from the good folks at Democracy for America.

The seal of approval from DFA is a coveted one in progressive circles, and there’s no candidate who is more deserving. So click here, and write a few words as to why you think he merits their endorsement.

Don’t have the words? Don’t know the man well enough to do so? Let me help you with that.

Van Os has been fighting the Bush regime long before he went to Florida in 2000 to contest the recount in Bush v. Gore. He’s been fighting for working men and women long before he was the general counsel for the Texas AFL-CIO. He fought against the illegal and immoral war in Iraq way before he went to Camp Casey this summer. He’s been a warrior for economic and social justice for the people of Texas all of his life. You can read more about his life here, but you can also take my word for it. David Van Os walks the walk.

In 2004, Van Os ran for a seat on the Texas Supreme Court because he wanted to take that court back from the mega-corporations which have it bought, paid for, and tucked in their vest pockets. At a time when the PATRIOT Act was our biggest concern, he chose to fight to restore the constitutional checks and balances that protect the rights and liberties of all Texans.

He is running for the office of Texas Attorney General in 2006 in order to carry the same fight to a new front. Texas is under withering assault by swarms of corrupt Republicans lining their pockets with the millions of dollars flowing from ExxonMobil and ChevronTexaco and the other big oil companies, from State Farm and Allstate and the other insurance companies, and all of the other assorted lobbyists and mouthpieces of greed. A strong attorney general in Austin, vested with the power inherent in the Texas Constitution’s Bill of Rights, can do more to achieve economic and social justice for Texans than twenty congressmen in Washington DC.

With your help, DFA will be influenced to throw the weight of their endorsement behind David’s campaign, and that will be a big push forward in returning the state of Texas back to the people (and away from corporate control).

Take two minutes and write a recommendation on behalf of David Van Os, and then click 'send'.

I got you a Christmas card

You can open it by clicking here.

Happy Holidays, and thanks for reading me this year.

The War on Terror (abridged version)

If you vote for Kerry, you will be attacked by terrorists.

If you don't renew the Patriot Act, you will be attacked by terrorists.

If you don't pass this spending bill, you will be attacked by terrorists.

If you force us to leave Iraq, you will be attacked by terrorists.

If you don't let us torture people, you will be attacked by terrorists.

If you don't let us eavesdrop on you, you will be attacked by terrorists.

If you challenge our authority, you will be attacked by terrorists.