To: 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?
To: 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
To: goody2shooz; JohnHuang2; All
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5 posted on
07/26/2002 2:34:10 AM PDT by
backhoe
To: goody2shooz
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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