To: Howlin; terilyn; Mo1; PhiKapMom
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
74 posted on
07/22/2002 8:50:50 PM PDT by
TLBSHOW
To: All
Question: Who is going to jail here? Will Bush address the nation on all of this when the market loses around 500 points tomorrow? Will Bush mention the word "jail" in a sentence? Or as Republicans...do we have to fear yet more crap is going to be thrown in our face and the Clinton gang gets another pass and this becomes overhyped fluff?
To: TLBSHOW
If I recall Enron had some BIG bucks tide up in some India deal
Which I recall rec'd contracts from the Clinton Administration
82 posted on
07/22/2002 8:58:12 PM PDT by
Mo1
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