PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject	11/9/2001 10:55:15 AM
From: portage	Read Replies (2) of 769670

More "integrity" from shrub's good friends. He wanted these scammers to run Cheney's planned national energy grids ?!?! Good god almighty. What dangerous foolishness. quote.bloomberg.com some excerpts - Houston, Nov. 9 (Bloomberg) -- Dynegy Inc.'s plan to acquire rival energy trader Enron Corp. has stalled pending a credit review by Moody's Investors Service, people familiar with the talks said. Dynegy will probably end negotiations if Enron is cut to a junk credit rating, the people said. The proposed acquisition, for about $8 billion in stock, has hit a snag because of the threat of a downgrade that would trigger a cash crisis by forcing Enron to make early repayment of $3.3 billion in bonds. Moody's and Standard & Poor's are considering lowering their ratings, which are two levels above junk. The earnings restatement may also justify a credit downgrade, said Donald Coxe, who manages 78,000 Enron shares as part of the Harris Insight Equity Fund. ``This shows the company was run scandalously,'' he said.

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