January 11, 2002

Miscellaneous Subjects #121: Beating the Drums for Peace and Truth

Hello everyone

I received several interesting feedbacks today on the issue of "What is your purpose? What are your goals?" in Rising Phoenix #5. I've compiled most of them in the forthcoming Light Series #13. I still have 7 other compilations at various stages of readiness. So it seems I won't be able to send you less than 5 compilations every week now. And I have 3725 unprocessed emails in my Inbox!


Jean Hudon
Earth Rainbow Network Coordinator

P.S. I just received an account from Carol Brouillet <cbrouillet@igc.org> (a subscriber to this ERN list) on a peace march that took place in San Francisco this past Tuesday (see # 4. Questioning the "War on Terrorism" below) and meeting of a 9 person delegation with Senator Feinstein to demand a congressional inquiry of 9-11. This is a breath of fresh air and hope that finally some organized groups and people in the US will help break the mainstream media and governmental cover-up of who was actually behind the 9-11 attacks. You will find Carol's full account archived at http://www.cybernaute.com/earthconcert2000/Archives2002/MarchMeeting.htm

"Beware the leader who bangs the drums of war in order to whip the citizenry into a patriotic fervor, for patriotism is indeed a double-edged sword. It both emboldens the blood, just as it narrows the mind. And when the drums of war have reached a fever pitch and the blood boils with hate and the mind has closed, the leader will have no need in seizing the rights of the citizenry. Rather, the citizenry, infused with fear and blinded by patriotism, will offer up all of their rights unto the leader and gladly so. How do I know? For this is what I have done. And I am Caesa

- Julius Caesar (Taken at http://www.almartinraw.com)


1. Some Feedbacks
2. Apocalypse Averted: The Rise and Fall of IDchip.com
3. An Appraisal of the Technologies of Political Control
4. Questioning the "War on Terrorism"
5. Bush's Enron Ties


White House Thwarted FBI Probe of Al-Qeada

Bush Wants Fast Nuke Test Ability (January 9 2002)
(...) Underground nuclear testing was banned in 1992 under a moratorium imposed by the first President Bush and reaffirmed by President Clinton in 1996. (...) "Many war hawks who are weary of the U.S. decision to drastically cut nuclear arsenals ... are using concerns about warhead reliability to champion underground testing," said James Wyerman, executive director of 20/20 Vision, a disarmament advocacy group. CLIP

U.S. Nuke Proposal Called Shell Game (January 10)
WASHINGTON (AP) - President Bush pledged to cut America's nuclear arsenal by some 4,000 warheads, but as details of the plan become clear disarmament advocates are calling it a shell game because few of the warheads are likely to be destroyed. CLIP "What the administration is proposing is still very much stuck in a Cold War mentality. They're saying the Cold War is over, but we're really not sure so they keep all those weapons around."

Resumption of nuclear testing is not an option
The Bush Administration is considering an expedited plan to resume nuclear weapons testing. A return to testing nuclear weapons would not only defy U.S. obligations under the Nuclear Non-Proliferation Treaty, but experts say it could bring about a new nuclear arms race and destroy the fragile nuclear disarmament and non-proliferation agreements negotiated in the last decade. Take online action now. http://www.greenpeaceusa.org/save/alerts/testing-direct.htm

Arms Buildup Enriches Carlyle Group, Bush Sr. is Consultant (January 10)

North America losing biodiversity, experts warn (January 9 2002)

NINGALOO REEF needs your help! (Recommended by "Lillian Corredor" <lcorredor@byrononline.net>)
It will take you 2 minutes to make a difference and help save the second Great Barrier Reef in Australia's west coast. More details also at http://www.wollumbin.com.au/aquadocs/aqualinks.html


From: ASOUL1@aol.com
Date: Wed, 9 Jan 2002
Subject: Re: The Big Brother Files #26: The Ultimate Orwellian Nightmare!

I'm not surprised by any of this. There are of course, some putative good uses for such chips - to find lost children and pets. But the potential for abuse and control is such, that given the current state of humanity, would be a serious affront to autonomy, free will, freedom and choice. This along with the erosion of civil liberties are in need of challenge, but done without collapsing into fear.

Thank you for bringing this to our attention.

Joyce Kovelman


Date: Wed, 9 Jan 2002
From: Susanna Felder <sfelder@iowatelecom.net>
Subject: Reply Microchip Implants, Mind Control, and Cybernetics


Thank you for passing on the Finnish doctor's warnings.... and Michael's reading of the underlying reality.... it is a most unlovely aspect of humanity that is playing out this "orwellian" scheme, and it is important that we think clearly about what is happening. Dr. Kilde's warning is not clear. It is full of fear-laden rhetoric, not dishonest, but not really well-informed, or not really telling us what she knows. So I could not help just going through it and commenting, paragraph by paragraph, to try to acknowledge the reality but also inject some good sense and qualifications to make the picture clearer for everyone. If you want to know what my qualifications are for making these comments, just ask. Please pass on as much of this as you can, even if something is obvious to you it might not be to others.... lightworkers in particular need to know more precisely what is actually out there in the way of a threat, and how to deal with it.

I have tried to help. Thanks for being the medium for all these messages, and thank you for keeping the "Big Brother File" together. Someday we will look back on it and wonder... did that really happen?

NOTE FROM JEAN: Since Susanna's comment is 14 page long, and thus cannot be included in a compilation, I've created a webpage with it at http://www.cybernaute.com/earthconcert2000/Archives2002/SusannaFelder.htm
where anyone interested can go read it.

I have also received another comment which led to the preparation of a whole follow up compilation on this to be sent next week (hopefully!) and to be entitled "First-hand Experience of the Ultimate Orwellian Nightmare"...


QUOTE FROM BELOW: "Whatever else might be said for the idea of microchip implants in human beings, folks in high places are clearly interested. Draw your own conclusions."

Sent by Ken <NCEpanacea@aol.com>
Date: Sun, 30 Dec 2001

Apocalypse Averted: The Rise and Fall of IDchip.com

By David Emery

“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.”

- Revelation 13:16-18

Dateline: 09/01/99 - YES, THAT IS 1999!

The Internet was abuzz two weeks ago with news that a multi-billion dollar company called Global Monetary had established a Web presence to promote its plan for implementing "a proprietary global system of exchange, customer tracking and profiling."

Appearing out of nowhere on August 17, http://www.idchip.com offered volunteers $250 a piece to accept subdermal microchip implants in their right hands as part of a "cardless ID system" enabling members to "purchase everything without the need of cash, check or even a credit card!" Qualified applicants were also promised low-cost health insurance and right of first refusal on shares in the company's planned IPO.

Reactions in Usenet discussion groups where news of Global Monetary's existence first broke ranged from amusement to hysteria. "The fact that this ID is implanted in the right palm is particularly disturbing in light of the Biblical prophesy in Revelations," wrote one correspondent in a message cross-posted to half a dozen Christian newsgroups. "The end times are closing in quickly," warned another. A skeptic in alt.bible replied: "Relax. It's a joke. The Website is just too amateurish to belong to a $5 billion corporation."

Joke or not, by the close of its first 48 hours of existence, the Global Monetary site had racked up over 10,000 visitor sessions. 100 people had filled out the ID chip application form and submitted it. And, according to Bill Cross (listed on the Website as Global Monetary's General Manager), hate mail was pouring in from "hysterical Christians and privacy enthusiasts who thought it was for real." It wasn't.


That's when he decided to put up the disclaimer. Too many people had believed him. "I was getting lots of frantic email from people who were totally convinced that I was the antichrist and that I was selling the mark of the beast," he says. "They bought it hook, line and sinker." Just as amazing were the numbers of people who actually filled out the form to apply for implants. "I had about 100 applicants," said Cross a few days ago. "By my reckoning, 15 of them were seriously interested in receiving the implant. I guess none of those realized it was the mark of the beast." (As of this writing - in 1999 -, the number of "serious" applications submitted hovers around 40.) Cross was further astounded by the interest the site generated among high-tech companies, universities, and news organizations. The top ten institutional domains visiting Global Monetary since its inception included MIT, Microsoft, IBM, the U.S. Air Force, NASA, and the Christian Broadcasting Network.

*** Whatever else might be said for the idea of microchip implants in human beings, folks in high places are clearly interested. Draw your own conclusions. ***


Aspiring Net satirists, pay heed. Relevant Links: Global Monetary
The original site more or less intact, now residing in a subdirectory of http://www.idchip.com

including the original unabridged version of this email above.


From: NCEpanacea@aol.com
Date: Thu, 10 Jan 2002
Subject: An Appraisal of the Technologies of Political Control

A good look at some of the technologies that they have to use on us who "dissent" to the cover-ups and controls being implemented in our country since before the OKC bombing and rapidly being deployed now since the WTC/Pentagon attacks. (This does not include the many "black budget" secret biological and electromagnetic "silent weapons for quiet wars" that are in the arsenals of those who will rule the New World Order.)


An Omega Foundation Summary & Options Report - For The European Parliament

(...) What is emerging in certain quarters is a chilling picture of ongoing innovation in the science and technology of social and political control, including: semi-intelligent zone-denial systems using neural networks which can identify and potentially punish unsanctioned behaviour; the advent of global telecommunications surveillance systems using voice recognition and other biometric techniques to facilitate human tracking; data-veillance systems which can match computer held data to visual recognition systems or identify friendship maps simply by analysing the telephone and email links between who calls whom; new sub-lethal incapacitating weapons used both for prison and riot control as well as in sub-state conflict operations other than war; new target acquisition aids, lethal weapons and expanding dum-dum like ammunition which although banned by the Geneva conventions for use against other state's soldiers, is finding increasing popularity amongst SWAT and special forces teams; discreet order vehicles designed to look like ambulances on prime time television but which can deploy a formidable array of weaponry to provide a show of force in countries like Indonesia or Turkey, or spray harassing chemicals or dye onto protestors. Such marking appears to be kid-glove in its restraint but tags all protestors so that the snatch squads can arrest them later, out of the prying lenses of CNN.

"New surveillance technology can exert a powerful 'chill effect' on those who might wish to take a dissenting view and few will risk exercising their right to democratic protest if the cost is punitive riot policing with equipment which may lead to permanent injury or loss of life.


A massive Police Industrial Complex has been spawned to service the needs of police, paramilitary and security forces, evidenced by the number of companies now active in the market. An overall trend is towards globalisation of these technologies and a drift to increasing proliferation, without much regard to local conditions.


One core trend has been towards a militarisation of the police and a paramilitarisation of military forces in Europe.

More details at http://www.icdc.com/~paulwolf/eu_stoa_2.htm where these excerpts come from.


Date: Tue, 8 Jan 2002
From: Michael Richardson <mcr@sandelman.ottawa.on.ca>
Subject: Questioning the "War on Terrorism"

San Francisco March To Demand Congressional Inquiry Of 911

From Carol Brouillet <cbrouillet@igc.org>


Tuesday, January 8th, 2002, at noon at Justin Herman Plaza, people gathered to march up Market Street to the office of Senator Feinstein where a delegation met with the Senator's staff to raise their concerns over the "War on Terrorism." They demanded that the Senate launch an inquiry or hearings of the events of 9-11, and the U.S. government's international and domestic response.

The 9-11 disaster has been used to justify a "War on Terrorism" which endangers the lives and liberties of millions of people everywhere. The U.S. bombing of Afghanistan has killed thousands of civilians; millions of Afghans have been displaced and face starvation this winter. The administration has condoned massive Israeli assaults on Palestine, and threatens to attack Iraq, Lebanon, Somalia, and other countries. Recent legislation is an attack on constitutionally guaranteed civil liberties, especially those of immigrants and people of color. The laws are mirrored in other countries which are outlawing dissent and increasing political repression. The administration has institutionalized racial profiling and is secretly rounding up thousands of Arab Americans and other people of Middle Eastern background. At the same time, it is giving billions to the military, offering huge bailouts and tax incentives to corporations and the wealthy, while ignoring the hundreds of thousands of laid off workers, and cutting social services. This appears to be part of a long-range strategy to turn the clock back on the hard earned gains of the civil rights', womens', and environmental movements, to consolidate U.S. global domination, and to serve the interests of transnational corporations.

The delegates came from many organizations concerned about peace, justice, human rights, civil rights and the environment. CLIP

"The media and Congress have failed to question the most basic White House' statements concerning the events of September 11th and the Bush administration's response. While the attacks are used to justify the bombing of Afghanistan, the administration is clearly more interested in controlling the oil resources of Central Asia than in "ridding the world of terrorism or terrorists" which it has funded, trained, and used for decades through the C.I.A.. We have to hold the U.S. government accountable for its role in creating terrorists and using terrorism against other countries. "True security can't be purchased or bought with guards and weapons; it lies in healthy, equitable, social relationships and is dependent upon an intact ecosystem. War begets war, and threatens the viability of life on Earth. Renouncing a doomed foreign policy and shifting our resources towards rescuing people and planet is our hope for 'a future.'" said organizer, Carol Brouillet of Women's international League for Peace and Freedom.

The delegation has demanded that these questions (and others) be raised and answered publicly:

Who created, trained and funded the Al Qaeda Network? What is the relationship between Bin Laden, his family and the Bush family and the Carlyle Group? Why were no fighter planes dispatched to intercept the four hijacked planes on September 11h , in violation of standard procedures? Who actually was in control of the "hijacked planes"? What is the U.S. relationship with Pakistan, and especially with its intelligence service, the ISI? Why did the then director of the ISI have $100,000 transferred to the man whom the FBI now calls the ringleader of the Sept. 11th attacks, and why does the U.S. not pursue this question? Did the CIA have foreknowledge of the attack, who tried to profit with put options on American, United, Merrill Lynch stock just before the attack? Why were the FBI told to not investigate the Bin Laden family links in the US? If the CIA met with Bin Laden last July, why didn't they try to arrest him? If the US is serious about ridding the world of terrorism, why do we continue to fund and train terrorists? Why are we bombing Afghanistan, when none of the alleged bombers actually came from there, could there be another reason for our presence in that region, like oil? Is the war against Afghanistan illegal? What are Bush's, Cheney's and Rice's connections to the oil industry? What are Bush's and Cheney's connections to the drug industry? Why is the evidence being destroyed when an investigation of the World Trade Center collapse is needed? Why seal Presidential records? Why intimidate professors from speaking out against this war? Why has the U.S. military been establishing working relations with the Uzbek military for several years? What other military involvement does the U.S. have in the Central Asian Republics? Why are U.S. military personnel or material assistance going to the Philippines, Indonesia, and Colombia as well? What relationship did various U.S. agencies and their contractors have with the Taliban, either directly or through Pakistani or Saudi agencies or contractors? Why does the U.S. overlook Pakistani drug lords who refine and export half to two-thirds of the world,s heroin despite its avowed determination to rid the world of drugs? Why has the Dept. of Justice stopped its investigation of the Bank of Credit and Commerce International despite its admitted heavy involvement in laundering drug money?

Some of the questions are answered in part in articles posted on the internet, which have been compiled and printed out for Senator Feinstein and her staff, links to the questions and answers are posted at http://www.communitycurrency.org/9-11.html


January 3, 2002


WAR TIMES (working title)
A New, Biweekly, Tabloid Newspaper Opposing the "War on Terrorism"

The terrorist attacks of September 11 marked the beginning of a new and frightening period in our history. Thousands of people died that day, and their families along with the country as a whole are still struggling to recover. But President Bush's response of "permanent war against terrorism at home and abroad" has further endangered the lives and liberties of millions of people everywhere.

The world's most powerful nation has mercilessly bombed Afghanistan and is installing a neo-colonial government of its own choosing, although that country has never attacked the U.S. Millions of Afghans have been displaced and face starvation this winter. The administration has also green-lighted massive Israeli assaults on Palestine, and it threatens to attack Iraq, Lebanon, Somalia, and other countries. The agenda seems clear: to remake the world in the rightwing image with little regard for human consequences.

At home, we are seeing a wholesale attack on constitutionally guaranteed civil liberties, especially those of immigrants and other people of color. The administration has institutionalized racial profiling and is secretly rounding up thousands of Arab Americans and other people of Middle Eastern background. At the same time, it is giving billions to the military, offering huge bailouts and tax incentives to corporations and the wealthy while ignoring the hundreds of thousands of laid off workers, and cutting social services. All in all, we face a second, different kind of war, a domestic war, in which longstanding racism and inequity are multiplying. Both form part of a long-range strategy to turn the clock back on past gains and consolidate U.S. global domination.

Peace, safety, and justice at home are more than ever linked to peace and justice abroad. To end the "permanent war," we need to build a mass movement against U.S. interventions abroad and link to it the struggles for social justice. The security and livelihood of people across the globe depend on success in this fight.


Such a movement must be constructed step-by-step. After initial emergency actions in the wake of the first bombing of Afghanistan, we are all struggling to strategize how to build the movement, how to dig in for the long haul yet still prepare for emergencies. We are becoming aware of the twists and turns that this war may take, and trying to come up with successful responses.

The majority of people in the U.S. appear to back the "war on terrorism" at this time. There is some opposition to some of the most extreme domestic measures, especially the military tribunals. Pro-war sentiment among African Americans is known to be less than solid. But overall Bush has won support and is currently eyeing new targets.

The mainstream media in the U.S. have largely capitulated to the war drive, filtering their presentation of the news through "patriotism." Important stories and information are ignored, buried, or presented in a pro-war context. Some of the progressive press is doing a heroic job, especially over the Internet, but little of it is geared for outreach to new audiences.

On the positive side, pockets of opposition have appeared across the country. There are signs of discontent over the economic effects of intensified militarism which are hurting a wide range of people here, from airport workers to students. And there are unusual openings for progressives to join the public discussion of U.S. foreign and national policy. This is an "educational moment," and the proposed new publication is aimed at maximizing our ability to take advantage of it.

THE NEW PUBLICATION: A Voice of and for the Movement

To broaden and deepen the fight against the Bush program requires compiling information and analysis, and putting them into the hands of large numbers of readers. To help meet this challenge, we propose the publication of a free, mass produced, biweekly, and nationally distributed tabloid. It will be a valuable outreach and education tool for organizers on the ground and an entryway for new people into the peace and justice movement. It will complement existing publications and be backed by a modest Internet operation that would introduce people to the already developed anti-war Web presence.

Content: The tabloid will present a view of the world that makes opposition to Bush's program urgent, vivid, and logical. To do so, it will be designed with an artistic sense, using photos, cartoons, and other graphic elements throughout. Overall, it must be popular, attractive, have flair, and utilize humor and poetry as well as information and analysis. It will be bilingual at least in part, beginning with Spanish.

The tabloid is intended to track the development of the war at home and abroad, spotlighting the dire consequences of Bush's program for human beings and the earth. It will provide backgrounders, facts, and clear, readable analysis. It will report on the work of the developing peace and justice movement as well as anti-racist struggles, thus providing an important representation of the possibility, vitality, and importance of opposition. Articles will be based on reliable and widely accepted information sources, both domestic and international.

Audience: Its audience will be those most open to criticism of the government's actions but not yet part of the movement against Bush's program of "permanent war." Currently this includes many peoples of color, students, women, and religious folk. The tabloid will work to reach more workers and labor movement people. It will change and grow over time, and link up with new communities. At the same time, the publication will keep the anti-war movement itself abreast of new developments, including news about movement activities around the country.

Distribution: The tabloid will be free so that it can be widely distributed through drops, by organizations and individuals, and by bundle agents. The lead site for the project will be Northern California, but it will be distributed nationally. A pilot issue, scheduled to be published in February, will be used to launch the base for distribution as well as to build support.

Finances: We estimate the first year's budget as just over $500,000 for a bimonthly publication. We will seek foundation funding but expect most of the money to come from individuals and organizations.


The project is in its early stages and needs input at every level. To date, we have formed an initial group in the Bay Area to organize the project. We have begun to get input from different people and have some initial fundraising commitments. Ultimately the paper will need thousands of people and organizations that are willing to financially support, contribute to, and distribute the publication. You can help in these ways:

*Give feedback on the concept, including the name, War Times *Fundraise and make a donation (checks may be written to EBC/War Times) *Distribute copies to your networks *Volunteer your writing, editing, photographic, or design skills *Pass this prospectus on or introduce us to others who can help.

For further information contact us at wartimes@attbi.com
EBC/War Times
1230 Market Street, PMB 409
San Francisco, CA 94102

Organizing Committee (organizations listed for identification purposes only):




From: http://www.alternet.org/story.html?StoryID=12155

Bush's Enron Ties
Edward B. Winslow, AlterNet
January 2, 2002

Almost 30 years have elapsed since the "third rate burglary" of the Democratic National Committee headquarters on June 17, 1972 that opened the dam of the Watergate scandal. The press and members of Congress largely ignored the crime, as then President Richard M. Nixon kept the nation's focus on the war in Vietnam.

Similarly, with the press and Congress distracted by President George W. Bush's war in Afghanistan, they are ignoring another scandal. No third rate burglary, the Enron Corp. scandal involves millions of dollars in campaign contributions to Bush, U.S. Sen. Phil Gramm and other members of Congress. The cozy relationship between the Bush White House and Enron enabled Kenneth L. Lay, then Enron's CEO, to meet in secret with Vice President Richard Cheney to help mold the nation's energy policy. Bush's presidential campaign received $1.14 million from Enron.

Shortly after taking office, President Bush waged a battle against the imposition of federal price controls in California that allowed Enron to price-gouge consumers by extending the energy crisis in California, costing the state billions of dollars. Enron reported increased revenues of almost $70 billion from the previous year.

Bush also resisted attempts to crack down on Enron's utilization of its 2,830 offshore subsidiaries in countries with lax banking-regulation laws. The consumer-rights watchdog organization Public Citizen alleges that some of these offshore havens helped Enron defraud its stockholders.

Moreover, while Sen. Gramm was working the Congress to pass legislation favorable to Enron (and collecting nearly $260,000 in campaign contributions from the company), his wife Wendy Gramm first was chairperson of a regulatory committee overseeing Enron's business activities and later a paid member of that company's board of directors. Enron paid her between $915,000 and $1.85 million, according Public Citizen. Sen. Gramm has announced his decision not to seek reelection for another term in the senate.

Enron, whose stock price plummeted from almost $85 per share to $0.25 per share within one year, forced its employees to invest their retirement plans in the company stock while corporate executives were free to make out like bandits by selling their stock when it was near its peak before anyone caught wind of the company's impending collapse. Jeffrey K. Skilling, who resigned his position as Enron's chief executive in August, sold more than $30 million worth of his stock in the company this year. Lay, who was Skilling's predecessor, was able to unload about $23 million worth of his Enron stock.

Meanwhile, employees, who invested in Enron stock through their company's 401(k) plan, were prohibited in diversifying into other securities. They lost their shirts while 500 of the company's top executives divided up $55 million worth of bonuses. The remaining 20,000 employees were given severance packages of not more than $4,500 each.

Eventually, during the Watergate scandal, members of Congress began to take a closer look at what first appeared to be an event that was unrelated to the White House. Armed with much more evidence of a White House conflict of interest than Watergate, Rep. Henry A. Waxman (D-Calif.) has opened a Congressional investigation on the Enron matter. In a letter dated Dec. 4, 2001 to Vice President Cheney, Waxman expresses concern about the administration's secret meetings with Lay and the company's subsequent failure.  

Waxman also mentions "the fact that senior Enron executives were enriching themselves at the same time that Enron was lavishing large campaign contributions on President Bush and the Republican Party and apparently influencing the administration's energy policies."


Specifically, what investigators need to determine is who knew what and when did they know it? As Waxman wrote in his letter to the vice president, "It is appropriate to ask whether Enron communicated to (Cheney) or others affiliated with (his) task force information about its precarious financial position. This is especially important since this information was apparently hidden from investors and the public...."

Edward B. Winslow

2239 Meade St.
Denver, CO 80211


Waxman Presses; Ashcroft Bows Out of Enron Investigation (January 10)
Rep. Waxman authored a letter to Attorney General John Ashcroft challenging the appropriateness of his involvement in such an investigation, citing, potentially improper campaign contributions by Enron to Ashcroft's failed Missouri Senate campaign. Within hours the Attorney General removed himself from the Enron matter entirely. This (...) is shaping up to be one of the worst financial scandals in US history.

Joined at the Hip (January 10)
You'll have to look long and extremely hard to come up with an example of corporate treachery in the United States that's as horrible as the Enron debacle. This is a scandal with a very broad reach and it has some of the wise guys in the Bush administration and other top Republicans trembling in their penny loafers. CLIP

White House Reveals Enron Contacts (January 10)
Enron's bankruptcy, already the subject of criminal, civil and congressional investigations, threatens to pull the White House into a political quagmire even as Bush's approval ratings reach near-record levels because of the war against terrorism. "It is now clear the White House had knowledge that Enron was likely to collapse but did nothing to try to protect innocent employees and shareholders who ultimately lost their life savings," said Rep. Henry Waxman (news), D-Calif.