[Free Vulcan]

bump for later reading. Citigroup facilitated a circle (jerk) of trades that essentially amounted to Enron lending money to itself.

[Free Vulcan]

oh yes, and citigroup got a % cut out of it too.

[antivenom]

Citigroup extended loans to Enron...Enron and it's fancy accounting had shown the money as cash and posted it on it's books as a credit...when it was a loan and was a debt.

Citgroup was merely one of many "enablers" to Enrons creative accounting.