The Smoking *%##@*ing gun ???????
story.news.yahoo.com
Citigroup Inc. and J.P. Morgan Chase & Co . , already facing scrutiny for devising allegedly deceptive transactions for Enron Corp., marketed similarly structured deals to a slew of other companies, Tuesday's Wall Street Journal reported, citing testimony that a senior congressional investigator will give at hearings that start today.
The names of the other companies weren't disclosed…..
(Three Guesses: Barrick, Barrick, Barrick)
…. “J.P. Morgan , in fact, had a "pitch book" to sell other companies on similar financing vehicles, according to a copy of the testimony. J.P. Morgan entered into similar transactions with seven other companies, while Citigroup shopped such deals around to as many as 14, with at least three entering into such relationships, the testimony says.”
Yeah, Baby… The cat is finally out of the bag, it’s just a question of time.
OK troops.. stop licking those wounds and feeling sorry for yourselves.
The heat is on.
Time to back up the truck and load up IMHO.
Of course I could be early but I don’t think I’m wrong <g>
T.
Edit: Read this piece too for the full picture, substitute Barricks short and multi year forward sales which can be extended indefinately if they go against them for Enrons energy deals and tell me I'm wrong:
nytimes.com |
