[ThePythonicCow]

Occidental ... a Gore link.

[PeaceBeWithYou]

Evidence disclosed by the committee today also showed that the two banks engaged in deals with similar characteristics with other companies. J. P. Morgan Chase told the panel that seven companies entered into "commodity prepaid forward transactions," including Columbia Natural Resources Inc. and Occidental Petroleum. Citigroup said it did prepay deals in 1992 with the Arkla Exploration Company and in 1993 with the Amerada Hess Corporation.

Arkla Exploration 1992, IIRC the Clintons were involved with this one along with the Brown's and the Riady's.

[Jimmy Valentine]

This is going to get very very dirty. If Morgan-Chase and Citibanc have been coloring outside the lines their loan portfolios are going to come under big scrutiny. Their loan participants in these transactions will also sue them for fraud.

Regards,

[soozla]

WHERE'S ROBERT RUBIN????????

[syriacus]

Daschle and Biden have got to be worrying about the folks in their home states who are employed by by big financial institutions like Citibank and Chase. Their constituents could soon be standing in l-o-n-g unemployment lines.

Enron Democrats

Two decades ago, Citibank lobbyists persuaded South Dakota politicians to be the first state to repeal its anti-usury law--an obstacle to charging sky-high interest rates. The state was rewarded by the relocation of Citibank's credit-card processing operations, now a major employer there. ..

Delaware is home to six major credit-card operations, led by MBNA America, Chase and Bank of America. Altogether, they process indebtedness of $230 billion. Biden is their guy.