Skip to comments.
Banks fall as Congress probes Enron ties
Financial Times ^
| July 23 2002 19:26
| By Gary Silverman in New York and Lydia Adetunji and Peter Spiegel in Washington
Posted on 07/23/2002 5:18:44 PM PDT by DeaconBenjamin
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-77 next last
Remember the mantra: Too Big To Fail, Too Big To Fail...
To: DeaconBenjamin
I may slip down to the bank tomorrow and withdraw a little cash.
2
posted on
07/23/2002 5:21:29 PM PDT
by
blam
To: DeaconBenjamin
This is turning out to be one heck of a house-cleaning.
3
posted on
07/23/2002 5:22:45 PM PDT
by
Clara Lou
To: All
telling the congressional inquiry that "prepay" transactions were legitimate financing structures used widely on Wall Street Can someone tell me what a prepay transaction is? Sorry for my ignorance.
To: DeaconBenjamin
Howdy
Jeepers mister Levin, did the FORMER TREASURY SECRETARY OF THE UNITED STATES OF AMERICA UNDER cLINTON have anything to do with abusing the trust of Citicorp to get clinton's buddy ken lay out of the jam that his corrupt dealings with the indian government landed him in?
Lets be careful which rocks we turn over, huh levin baby?
To: hoosierboy
Howdy
You know, its when coporations run like government does. The government loots your social security fund, spends the money on butt floss, then claims its IOU is an asset. This is your government running like a top.
Similarly, Citibank floats Enron a loan to cover their exposed corrupt clinton-screwed back sides, then claims the loan is an Enron asset, not a debt. This is corporate America running a moon sized fraud.
To: DeaconBenjamin
That would explain why Capital One's shares dropped 3.11 to 30.99 today too .... criminy.
To: MoscowMike
Don't ask, don't tell.
To: DeaconBenjamin
Citigroup...Robert Rubin...The Clinton legacy continues!!!
Comment #10 Removed by Moderator
To: Sandmansleeper
It is almost over and soon the democrats will get indicted for this giant mess. They have caused and planted thru out the Clinton years.
11
posted on
07/23/2002 5:44:22 PM PDT
by
TLBSHOW
Comment #12 Removed by Moderator
To: blam
I would do that, too, but I don't think $10.48 will make much difference.
To: DeaconBenjamin
Investigators insisted Citigroup and JP Morgan employeesrealised the deals were inappropriate, pointing to internal documentsshowing bankers attempting to keep the prepays secret.My god. Are we about to go over the edge?
14
posted on
07/23/2002 5:48:46 PM PDT
by
gcruse
To: TLBSHOW
One can only hope that indictments will be forthcoming soon...before the November elections would be nice!
Comment #16 Removed by Moderator
To: Centurion2000
"That would explain why Capital One's shares dropped 3.11 to 30.99 today too ...."
My understanding is that Capital One's grief is that they under reserved for potential losses in their credit card business. They issue credit cards to sub-prime consumers.
They are not in corporate banking like Citicorp and Morgan/Chase with Enron et al.
17
posted on
07/23/2002 5:53:49 PM PDT
by
APBaer
To: DeaconBenjamin
Who do we contact to make them get Rubin to testify?
To: APBaer
True...however, look for the financials to take a hit because of these latest revelations...hope I'm wrong!
To: blam
20
posted on
07/23/2002 6:12:25 PM PDT
by
USA21
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-77 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson