CITIGROUP BOMBSHELL: HELPED ENRON HIDE FINANCIAL CONDITION

http://www.drudgereport.com ^ | 7/21/02

[The Chief]

Intentionally manipulated written record of dealings with Enron: Senior Citigroup credit officers misrepresented '99 transaction in records of deal; Enron could ignore accounting requirements and hide true financial condition, the NY TIMES is planning to report on Tuesday, say sources... MORE... 'The paperwork cannot reflect their agreement,' according to one e-mail message written by James F. Reilly, a senior Citigroup loan executive in Houston, 'as it would unfavorably alter the accounting'... MORE...

[The Chief]

It gets more and more interesting...

[Miss Marple]

Let's hear it for schadenfreude!!

I will be SO happy if Robert Rubin is shown to be the crook that I think he is!!

[TLBSHOW]

Clinton treasury comes to mind!

[Nuke'm Glowing]

Hmmm, as a great stock market predictor might say:

"I see the symbol 'C' going up in smoke tommorrow"

What a great short that stock is proving to be.

[rintense]

1999...

and who was President then???

[Scott from the Left Coast]

So the slime oozes a tad closer to the Clintonites, eh?

Oh, but I forgot (!), it was Bush's "massive" tax cut that caused the market to collapse. How silly of me.

[blam]

Does this mean that the stock market will go down again tomorrow?

[Michael Barnes]

Check out this thread from earlier...A WHOLE lotta idea's and info on it..

[Registered]

Yes.

[parsifal]

I feel so sorry for Citibank that I think the US ought to pass a bankruptcy reform bill so the big bad consumers can't cheat poor little-bitty Citibank by being dishonest and taking bankruptcy. parsy the soft-hearted.

[TLBSHOW]

Hillary Clinton and Al Gore come to mind and some impeached trash named Bill!

[Wait4Truth]

Homelessness, AIDS, racism, plagues, world debt, starving children, bad schools, pregnant teens, truancy...you name it; they're all President Bush's fault. :-)

[terilyn]

"...Upon the retirement of his predecessor, Lloyd Bentsen, Mr. Rubin was President Clinton's choice to serve as our nation's 70th Secretary of the Treasury. He was confirmed by the U.S. Senate and sworn into office on January 10, 1995..."

"...He left Treasury on July 2, 1999...."


"...Mr. Rubin joined Citigroup on October 26, 1999..."

http://www.citigroup.com/citigroup/corporate/businessheads/rubin.htm

I'd love to know the dates on the documents.

[rintense]

And guess who the number one contributor to Lieberman and number two to Daschle was???? Uh huh. You guessed it: Citicorp. Let's see them weasle their way out of this one.

[rintense]

Me too. See post 8 for a link to some very interesting Democratic ties to Citicorp.

[Nuke'm Glowing]

Good question.
1. Citigroup is a Dow stock.
2. Citigroup is well known for indulging in bad corporate and international high risk debt then sticking it to the consumers to cover their you know whats.
3. I hope it drops to $7 a share.

[hchutch]

And WHAT was going on then?

Can you say, impeachment? Somebody is possibly going down for this one. BIG TIME.

[terilyn]

Interesting today on CNBC. Barely a blurb of this, and then back to Worldcom.

All over the news tonight, "blah blah blah, Dow Jones Industrials down on news of Worldcom..blah blah blah".

The markets had recovered, back to even and up slightly when this news was first reported.

Citigroup is one of the 30 stocks that make up the Dow Jones Industrials average.

Still the media keeps talking about Worldcom, which was already trading at 0.9c per share.

[Howlin]

Lookie here.

[Wait4Truth]

They won't have to weasle their way out of it if the TV media doesn't report it. They certainly don't want to take the attention away from Bush/Cheney "scandals"...what a joke the RAT Party is...they are scum - and the media they rode in on...