CONGRESS BLASTS BANKS' SUPPORT FOR ENRON (names "Fishtail, Bacchus, Sundance, and Slapshot")

NY POST ^ | January 3, 2003 | Jessica Sommar

[Liz]

Now it all becomes clear. As J. P. Morgan Chase was riding high on its good-news settlement yesterday, Congress released a scathing report damning the big bank, along with several other Wall Street giants, and handing over more ammunition to shareholders who might want to sue them for losses.

[Liz]

J. P. Morgan yesterday announced it had settled with 11 insurers over Enron surety bonds and also said it would set aside a whopping $900 million for litigation costs related to Enron and other regulatory matters, a congressional source said.

Planning ahead is good.

[Waco]

The bank should "come clean", issueing a statement which STRONGLY implicates X42 and her spouse. The halo shieks in congress will be tripping over their talleywhackers, to forget and move on. Come on banks, stick it to em. SNL will have a field day with it. (Not to mention El Rushbo.)

[steve50]

Enron's deceptions were shocking,

Reminds me of the scene from Casablanca, where Raines is 'shocked to learn that gambling is going on here'.

A "Hypothetical Future Value" bump

[Dante3]

BUMP

[Liz]

The bank should "come clean", issuing a statement which STRONGLY implicates X42 and her spouse....

That'll be the day.........much as I'd love to see it.

[Liz]

Investigate "structured finance?" Wall Street's meat and potatoes? Now they're getting close to the bone.