When telecommunications giant Global Crossing sought bankruptcy protection last month, the messy corporate collapse had all the makings of a Democratic Enron. Republicans burned by the Enron debacle gleefully trumpeted the fact that Global Crossing had given more than half its $800,000 in campaign contributions to the Democrats during the last presidential campaign. And the G.O.P. raised tantalizing questions about how Democratic Party chairman Terry McAuliffe had managed to make an $18 million killing as an investor in Global Crossing stock.
But as details emerge about the Global Crossing affair, it promises to be as sticky for Republicans as for Democrats....