[Fracas]

My, my! Enron & Citicorp.

Maybe THIS is the reason the Enron investigation fizzled? Remember our illustrious Senate was going to straighten out the mess and make Enron an example? Maybe they stumbled across Citicorp, ya think?

[TLBSHOW]

WASHINGTON (Reuters) - Major investment banks helped Enron Corp. for years by lending the fallen energy giant billions of dollars via elaborately disguised commodity trades, a congressional panel said on Monday, linking Wall Street more closely to the Enron debacle.

Investigators for the Senate Permanent Subcommittee on Investigations said Enron, bankrupt since December, obtained $8.5 billion in financing from 1992 to 2001 from Citigroup Inc. and J.P. Morgan Chase & Co. Inc., which collected hefty fees and interest payments.

http://www.nytimes.com/reuters/politics/politics-enron-loans.html

[Wait4Truth]

Did you notice that the NY Slimes article does not even mention Rubin? Wow, I sure am shocked!

[Mo1]

Maybe THIS is the reason the Enron investigation fizzled? Remember our illustrious Senate was going to straighten out the mess and make Enron an example? Maybe they stumbled across Citicorp, ya think?
~~~~~~~~~~~~~~~~~~~~~~~~~~

Yes I recall Holy Joe was going to get to the bottom of it also

BTW .. did you know that The Democratic Leadership Council

is meeting in New York this weekend

And isn't Citi Group a big donor to them

The 2002 DLC National Conversation in New York City
http://www.ndol.org/ndol_ci.cfm?kaid=85&subid=108&contentid=250659

[terilyn]

Yup! As usual, the dems in congress lept before they looked.