It wasn't a different bank. Everything went ahead just as it had - that's what made so many people mad.
Only two of their loan guys got axed. Most everything was covered over - Andy and Lea came in right when they were doing those things. In fact, they were hired specifically to set up the very vehicles they later used at Enron.
The shareholder suits hadn't even started yet at that point. The bank was in major CYA posture for another 4-5 years beyond that, as the others in the ring began to fail. I know this, I was in the middle of it, starting with Penn Square Bank in 1982 and on down the line.
It wasn't a different bank. Everything went ahead just as it had - that's what made so many people mad.
Geez, Rte66, C-I's problems were well known long before the Fastows started there. To even suggest that they had a hand in the bank's failure is specious at best... unless you're saying that Fastow worked there when he was in high school and early college, and made a lot of bad energy loans for them?
Most everything was covered over - Andy and Lea came in right when they were doing those things.