Rubin May Be Called to Testify to Congress on Enron !!

Reuters ^ | Susan Cornwell | Wed Jul 31, 3:20 PM ET

[Trailer Trash]

Very very odd thing.

I was listening to NPR the other night and they were actually whining that the Enron investigation was taking too long.

A sure sign of an exposed jugular?

[mlocher]

"I wouldn't hesitate to call him if we can prove that there's anything to add to our investigation," Lieberman added,

how can you prove it if you don't call him?

lieberman is protecting more than his own ass no this one.

[kevao]

Rubin called to testify? Sorry, folks. It ain't gonna happen.

[Trailer Trash]

Dear sidebar moderator

A key Senate Democrat said on Wednesday there was a possibility that former Treasury Secretary Robert Rubin would be called to testify on Capitol Hill about his knowledge of the demise of Enron Corp. .

Republican Sen. Peter Fitzgerald of Illinois, a member of Lieberman's committee, wrote to Lieberman this week suggesting that Rubin be invited to testify along with Sanford I. Weill, chairman and chief executive of Citigroup.

This is new news. No?

You pulled off of breaking news within 1 minute.

c'mon man.

Gimme my 15 minutes...wahhhhh

[RoseofTexas]

INVITING?!! What do they mean INVITING the freakin RAT?! Haul his royal butt in and question him SEVERELY!! I'm sorry folks but this criminal is going to walk or take the famous bubba's 5th! So nothing to see here, move along and have a beer!

[thucydides]

Citibank held obligations of Enron that would plunge in value when the rating agencies downgraded Enron's credit. Rubin sought secretly to have the government lean on the agencies not to tell the public their honest evaluation of the credit. Many investors rely on these agency ratings in deciding whether to invest. Rubin was seeking to hold up the value of the Enron obligations until Citibank could dump them on an unsuspecting public - unsuspecting because Rubin would have prevented or delayed a true credit evaluation. Now for all the democrats' hypocritical whining about republicans and business, no republican official, not Bush or Cheney, did anything improper. Rubin did something very reprehensible. He sought to corrupt treasury officials and the rating agencies and thereby perpetrate a fraud on the public. Needless to say, Joe Lieberman sees little need to look into real wrongdoing on the part of a democrat.

[Sidebar Moderator]

Gimme my 15 minutes...wahhhhh

Ok,ok. Please stop crying ;)

[BJClinton]

It's in front page news. It's not technically breaking. Now if you were watching Fox news and they had Lieberman live before reporters saying they were calling Reuben that would be breaking news as it would be a sure sign that hell had frozen over.

[LarryLied]

Joseph Lieberman:Thank you for taking time out from your busy schedule Sectary Rubin to share your expertise with the Senate. As the person who presided over and, some would say, was responsible for the longest and most prosperious era in American history, we are thankful you could testify today. We are not here to cast blame or to point fingers but to find out where we go from here. What we can do to make life better for all Americans? With that in mind, to what do you attribute the current malaise in the markets? Are the Republican tax cuts of last year responsible? Is it a mistake to have both a President and Vice-President who are so closely tied to business special interests?

[Trailer Trash]

Screenshot of the latest 100 printed and framed.

Have a good one.....

TT

[glock rocks]

ping.

[Black Agnes]

Hmmmmm ping...

[BruceS]

I think you don't have a fawning enough tone. Maybe add some bootlicking sounds.

[Fracas]

The Dems already have an answer for this. Jim Cramer has been giving the party line: It was Rubin's duty and responsibility to look after both his client (Citibank) and investors (us) to assure that the 'subjective' evaluation of the credit did not cause undue strain on the market.

As far as the 'invitation'? Rose, you're right about what the Senate should do, but there is no way they will suggest, order, compel, subpoena or demand that Rubin appear. Larry's right (post 9)...IF Rubin ever does testify, it will be one of the longest tributes in the history of the Senate.

[ArcLight]

Huh?
This is old news from last week...

[Mo1]

A key Senate Democrat said on Wednesday there was a possibility that former Treasury Secretary Robert Rubin would be called to testify on Capitol Hill about his knowledge of the demise of Enron Corp. .

YES!!! .... oh please, oh please, oh pleassssssssssssssse let this happen ... I'm crossing my fingers ..

[dirtboy]

You pulled off of breaking news within 1 minute.

Uh, check the date of the article:

Wed Jul 31, 3:20 PM ET

This story is over a week old. That ain't breakin' news...

[Mo1]

You are just no fun .. party pooper .. LOL

[VRWC_minion]

Freeper may win power ball.

[leadpenny]

D'ja see this?