Questions for Rubin on Enron

Friday, July 26, 2002

1 posted on 07/25/2002 11:47:15 PM PDT by JohnHuang2

An April 2001 Citigroup internal study revealed that Enron had used "prepays" to understate its debt by $2.2 billion. Applying conservative accounting standards...these "prepays" should have been considered debt. Citigroup not only ignored that conclusion...it also withheld such information from investors, to whom it had sold $1.5 billion in Enron-linked bond offerings.

This is FRAUD. Please note too, the date; Robert Rubin went to work at CitiGroup in 1999. So!

When did Bob Rubin know about this? And when did he know it?

Me thinks the Democrats are scared witless over this and have been trying to manufacture all kinds of Republican scandals to hide it. You think?

2 posted on 07/26/2002 1:24:59 AM PDT by goody2shooz

And Joe Lieberman has said he is NOT calling anybody except Bush people; and he has hearings scheduled till the end of the year on Enron.

But, of course, he gets HUGE amounts of money from Citicorp.

3 posted on 07/26/2002 1:26:57 AM PDT by Howlin

Hey, does anyone know of a lawyer willing to go after CitiGroup for fraud?

I'm looking for one because I hold Enron stock and it is now obvious, at least to me, that I was defrauded.

4 posted on 07/26/2002 1:29:10 AM PDT by goody2shooz

To: goody2shooz; JohnHuang2; All

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5 posted on 07/26/2002 2:34:10 AM PDT by backhoe

If any of you are as ticked off about Citigroup's fraud as I am, here is a list of the Republican Senators on the Senate Governmental Affairs Committee. We need to get Robert Rubin before them to testify.

Thompson, F.(TN), Stevens, T.(AK), Collins, S.(ME), Voinovich, G.(OH), Cochran, T.(MS), Bennett, R.(UT), Bunning, J.(KY) and Fitzgerald, P.(IL).

6 posted on 07/26/2002 2:35:32 AM PDT by goody2shooz

Very interesting.

I call this the clintron graph.

7 posted on 07/26/2002 4:14:38 AM PDT by PeaceBeWithYou

To: PeaceBeWithYou

How interesting!

You know, I am also wondering if there is a similarly shaped graph for Worldcom, AOL/Time Warner, Omnimedia, and Global Crossing.

In fact, I am wondering if the graphs of stock prices would reveal the possibility of fraud (and Clintonista involvement) in companies.

8 posted on 07/26/2002 4:19:07 AM PDT by Miss Marple

I have some questions for Rubin: Did Rubin leave for his nice new job before or after Arthur Levitt's proposed auditor independence rule was deep-sixed? And what did Rubin have to do with the proposal being axed? And did Rubin know, or suspect, what would be found if that rule had gone through? I'll bet somebody had a darn good idea.

9 posted on 07/26/2002 4:20:10 AM PDT by mewzilla

Play the RICO card Mr. Ashcroft.

10 posted on 07/26/2002 4:28:24 AM PDT by PGalt

Are there any House committees (controlled by Republicans) that can subpoena Rubin to testify? Why not?

11 posted on 07/26/2002 4:39:50 AM PDT by jslade

Tauzin could issue subpoenas today. I wonder what they're waiting for...

12 posted on 07/26/2002 4:40:53 AM PDT by JohnHuang2

Well, maybe Tauzin's worried that someone might get Arthur Levitt to whip out copies of the correspondence that Tauzin sent Levitt telling him to kill the auditor independence rule.

13 posted on 07/26/2002 4:42:57 AM PDT by mewzilla

These economic terrorists are laughing all the way to their next jihad.

14 posted on 07/26/2002 4:47:22 AM PDT by PGalt

Probably, I'll look around.

Meanwhile, this site has lots of enron information.

Enrongate: A Democrat Scandal (Enron En-Fluence: Bill Clinton)

15 posted on 07/26/2002 4:57:45 AM PDT by PeaceBeWithYou

That would be which committee?

16 posted on 07/26/2002 6:57:32 AM PDT by jslade

You know, I am also wondering if there is a similarly shaped graph for Worldcom, AOL/Time Warner, Omnimedia, and Global Crossing.

You know .. that is a very good question ..

17 posted on 07/26/2002 3:35:19 PM PDT by Mo1

To: PeaceBeWithYou

The problem with the markets is that the Bush Administration is incapable of managing the house of cards that the Clintons built for campaign crime and stock fraud cash flow.

Rubin and others are serious players that could make calls to get banks, brokerage firms, rating agencies, Federal Reserve Board members, billionaires or governments to buy or sell in order to tweak their spin. "Give us a a ten and we'll fix it so you can make a hundred in two weeks".

A 50,000 campaign contribution could get you a night in Lincoln's bedroom and a change in policy for your industry worth millions.

18 posted on 07/26/2002 5:11:02 PM PDT by alrea

democrats are scared witless...

democrats are wit-less already.

democrats do not want to see the stock market bubble burst. it dries up a source of funds for the socialist programs (capital gains taxes). besides, people complain about taxes less when they are poor. the democrats have been propping up the stock market on purpose for years to keep the dough coming to big government. they knew there was corruption and that previous president -- who was he again? -- purposely chose to not prosecute those who cooked the books.

19 posted on 07/27/2002 11:26:08 AM PDT by mlocher

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