Equal-Opportunity Crisis

The G.O.P. hoped Global Crossing would be the Democrats' Enron. Now it's everybody's mess

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....

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