Rubin Called For Enron
CNN MONEY
January 11, 2002: 7:23 p.m. ET
Ex-Treasury Secretary made call to official on behalf of company
WASHINGTON (Reuters) - Ex-Treasury Secretary Robert Rubin called a top Treasury Department official on behalf of troubled Enron Corp. in early November, a Treasury spokeswoman said late Friday.
The call was the second disclosure by Treasury on Friday of apparent attempts to lobby Treasury Under Secretary for Domestic Finance Peter Fisher on Enron's (ENE: Research, Estimates) behalf. Earlier Friday, the Treasury said Enron President Lawrence "Greg" Whalley had called Fisher and Fisher "inferred" Whalley wanted Fisher to ask banks to extend credit to the now-bankrupt energy-trading behemoth.
Treasury spokeswoman Michele Davis told reporters Rubin had asked Fisher "what he thought of the idea of Fisher placing a call to ratings agencies to encourage them to work with Enron's bankers to see if there is an alternative to an immediate downgrade."
"Fisher responded that he didn't think it advisable to make such a call. Rubin said he thought that was a reasonable position. Fisher made no such call," Davis said.
Rubin is chairman of the executive committee of financial services company Citigroup Inc. Citigroup had a financial exposure to Enron but on Nov. 30 ratings agency Moody's Investors Services said the exposure was "manageable."
A call to Citigroup's New York office for comment was not immediately returned.
From here:
"Instead, the Commerce Department engaged in a cover-up of the secret meetings with the CSPP and Podesta Associates employees at the White House. No notification was issued for the secret meetings, nor for the classified materials offered to any other company.
Nor is John Podesta the only top Clinton official involved in potential criminal activity with super-computers and Ron Brown. According to documents provided by the Commerce Department, White House official Robert Rubin, and U.S. Trade Rep. Ambassador Charlene Barshefsky were both involved in policy meetings with the CSPP. A May 1994 "CONFIDENTIAL" letter to Ron Brown, partially withheld by the Commerce Department, states the CSPP held a meeting with Brown, Robert Rubin and "Amb. Barshefsky" where super-computer exports to China and Russia were discussed.
However, Rubin was soliciting campaign donations from CSPP members at the same time. In November 1994, DNC million dollar donor Sanford Robertson wrote a letter to President Clinton, thanking him for the August 1994 trade trip to China and he included a "P.S." about Robert Rubin.
Robertson wrote to Clinton the smoking gun of Chinagate, a letter directly implicating the President in trade trips in exchange for money. The Robertson letter states, "PS - Bob Rubin came to our home on Thursday for a Dianne Feinstein dinner, which raised over $100,000 for her campaign. Bob, of course, turned out the financial community and Silicon Valley."
Ron Brown's Indonesia trip
"Another major part of U.S. taxpayer financing for the Paiton project was obtained through the EXPORT-IMPORT bank (EXIM). Several of the Indonesian projects listed in the Commerce document note that EXIM head Ken Brody worked closely with Brown on Indonesia financing. Ken Brody is also a close friend of Treasury Secretary Robert Rubin. Rubin worked with Brody during his years at the investment firm Goldman Sachs.
Furthermore, the EXIM bank under Brody financed over $4 billion dollars worth of gas deals with another energy company, Enron. Enron is also an Akim/Gump client. In fact, Enron executives traveled with Ron Brown in 1994 on trade missions to Russia, Indonesia and China, cutting EXIM and OPIC backed deals in each country. Enron is not only another Akin/Gump client but it is listed as one of forty-four such companies in which Rubin had "significant contact" with during his years at Goldman Sachs."
Hooligans, scofflaws, cover-ups, secret meetings, destruction of evidence, funny money, no accountability, audit shams, bribes, receiving money for doing nothing.....
Hey, Robert Rubin qualifies to replace Alan Greenspan.
"The Three Marketeers"
We offer as "Exhibit A" the Time magazine cover story for February 15, 1999, which must surely rank as one of the most extraordinary propaganda and disinformation pieces of this decade, if not of this century. Along with the headline, "The Committee to Save the World," the cover featured the beaming visages of Federal Reserve Chairman Alan Greenspan, then- Treasury Secretary Robert Rubin, and Deputy Treasury Secretary (now Treasury Secretary) Lawrence Summers, with this riveting subtitle: "The inside story of how the Three Marketeers have prevented a global economic meltdown so far."
Citi's Rubin made a call for Enron Ex-Treasury chief sought help to deal with credit agencies
Robert Rubin Asked Treasury About Aid to Enron
"Lay called Federal Reserve Chairman Alan Greenspan on Oct. 26. "We will not characterize the conversation," a Fed spokeswoman said. "The chairman did nothing in response to the call because it would have been inappropriate."
Special counsel needed for Enron probe? Legal group wants Bush, Clinton ties to energy giant probed
Hidden Numbers Crushed Enron - 'Partnerships' Shielded $600 Million Debt
Japan's MMFs Lose Y3 Tln On Month On Enron Bonds - Nikkei
Yahoo Finance
Saturday, December 1, 2001 1:57AM
TOKYO (Nikkei)--Outstanding assets of Japan's domestic money management funds as of Friday declined by more than Y3 trillion from a month earlier as a result of four MMFs that included bonds issued by Enron Corp. (ENE) in their portfolios falling below par. The asset total was Y18 trillion as of the end of October, The Nihon Keizai Shimbun reported in Saturday morning edition.
MMF holders, mainly companies, apparently canceled contracts even for those not falling below par, as they began doubting the safety of the financial products widely seen as relatively low-risk investments.
The president of UFJ Partners Asset Management Co., which included Enron bonds in its portfolio, will resign before his term expires next June. To prepare for massive cancellations, UFJ Partners has sold off all Enron bonds included in the MMF and switched over to assets with little price movement, such as cash and certificates of deposit. The company says there will be almost no additional losses.
Nikko Asset Management Co., Japan Investment Trust Management Co. and Sumisei Global Investment Trust Management Co. also said they increased the percentage of cash in their portfolios.
Several medium-term government bond funds also fell below par since September, undermining their image as a safe investment vehicle.
Asset management companies and others handling bond investment trusts are trying to reassure customers by disclosing the contents of their portfolios.
Copyright © 2001 Dow Jones & Company Inc. All rights reserved
THE DEBT SET: Consumers are carrying $1.6 trillion in credit
NOTE: Mortgage debt has jumped to $7 trillion.
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Wednesday December 12, 6:10 PM
Former Enron Chief Financial Officer Andrew S. Fastow (R) appears with his lawyer David Boise at a news conference in New York December 12, 2001. The Securities and Exchange Commission said on Wednesday it brought a subpoena enforcement action against Fastow, charging that Fastow failed to comply with an October subpoena to appear before the regulatory agency. REUTERS/Mike Segar (Reuters)