Enron - Natural Gas Industry Message Board

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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: ms.smartest.person who wrote (964)	11/30/2001 1:04:47 AM
From: Raymond Duray	of 1433

merryfield, Re: Marc Shapiro, a J.P. Morgan vice chairman, said in an interview that using Enron to indict looser restrictions on U.S. financial institutions "is like saying that because Mariano Rivera gave up a run in the last inning of the World Series that you shouldn't have relief pitchers anymore." "The danger to banks is when they are restricted to only the traditional lending business," Mr. Shapiro added. "That's when banks have problems." This shill Shapiro is completely ridiculous. His comments - completely risible. Banks have problems when they do dumb things. This occurs regularly. Then they get bailed out by the taxpayer, via the FRB, World Bank or the IMF. Who does this guy think he's kidding? LOL! -R.

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