Mother Jones: Herman Cain Scrubs Mention of Enron-Like Disaster at Energy Corporation Aquila from Official Story

Does Tea Party darling & GOP presidential hopeful Herman Cain have an Enron-like problem on his hands with Midwest energy corporation Aquila, that he neglected to include in his "official story?"

It didn't take long for the media to dig up dirt on Tea Party darling and Republican presidential hopeful Herman Cain. I knew it was a matter of time before some lawsuit or something to that effect discovered. Here's an excerpt from Mother Jones (H/T Robert Trotner):

Scrubbed from Cain's official story is his long tenure as a director at a Midwest energy corporation named Aquila that, like the infamous Enron Corporation, recklessly dove into the wild west of energy trading and speculation—and ultimately screwed its employees out of tens of millions of dollars.

According to five lawsuits filed in federal court in 2004, Aquila's board of directors—which Cain joined in 1992—allegedly steered employees into heavily investing their retirement savings in company stock. At the same time, the company shifted its business model from straightforward energy generation to risky energy trading, an unregulated market made infamous by now-defunct Enron. The suits, later folded into a single, massive class action (PDF) alleged that Cain and top company officials violated a 37-year-old federal law requiring that employers manage employees retirement programs responsibly.

Herman Cain would rather not talk about that, now would he. I know he is an astute business man, but we don't need someone who waffles on current event issues like he did when Chris Wallace had to clean up his bumbling response to the border issue between Israel & Palestinians. What else do we need to know about Mr. Cain?  CLICK HERE, to read the entire article.