This is big John, really big, bigger than anything we have seen yet. This might be a near mortal blow for Citicorp, since the liability exposure is so huge, and because this is simply too big to be shoved quietly under the rug. Yeah, that was my blue collar opinion but I wanted confirmation from an astute barrister.
If you pass the hat my way, Rubin will not appreciate it. There is an old Irish saying that goes something like this:
Go sh4t in your hat. :-}
Well John Lou Dobbs tonight had Senator Fitzgerald on, and he said that Citibank hedged its debt risk to Enron by selling derivatives to unsuspecting investors, so it lost nothing. He also said that your favorite senator from your state was refusing to 1) investigate anything but Enron until election time, and 2) was refusing to call Rubin or CEO Weill of Citibank as witnesses.
So my question, given the usual partisan games in the senate, is WHERE is the GOP House on this? Just curious as to whether they are curious.