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11%  
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Keyword: robertrubin

Brevity: Headers | « Text »
  • Congress examining role of big investment banks in Enron's collapse

    07/23/2002 5:46:52 AM PDT · by Oldeconomybuyer · 3 replies · 166+ views
    Associated Press ^ | 7-23-02 | MARCY GORDON, AP Business Writer
    <p>WASHINGTON (AP) -- Congress is examining whether multimillion-dollar loans to Enron Corp. by big investment banks had the effect of helping the now-collapsed company conceal its true financial condition.</p> <p>The banks used complex financial schemes to boost Enron's anemic cash flow to match its profit growth on paper, according to lawmakers. The energy-trading company recorded the money from the bank loans as trades of natural gas and other commodities with an entity based in the Channel Islands off Britain.</p>
  • Breaking:Citi-Group About To Release Enron Like Problem

    07/22/2002 11:39:57 AM PDT · by My Favorite Headache · 293 replies · 832+ views
    FOX,CNBC | 7-22-02 | my favorite headache
    Radio and I just see FOX reporting this. Big lender to worldcom and other giants...in trouble.Markets now back to falling...here we go.