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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: sylvester80 who wrote (21292)	1/11/2002 7:02:42 PM
From: Softechie	Read Replies (3) of 99280

Rubin called Fisher about Enron By Rachel Koning 01/11/2002 18:30 -------------------------------------------------------------------------------- Former Clinton Treasury Secretary and current Citigroup executive Robert Rubin telephoned Treasury Undersecretary Peter Fisher regarding Enron and its creditors on Nov. 8, Treasury spokeswoman Michele Davis said Friday. Rubin "asked Fisher what he thought of the idea of Fisher placing a call to rating agencies to work with Enron's bankers to see if there is an alternative to an immediate downgrade," Davis said. "Fisher responded he didn't think it advisable to make such a call. Rubin said he thought that was a reasonable position. Fisher made no call." The eventual credit downgrades were a final action that pushed the troubled Enron almost immediately into the largest U.S. bankruptcy ever.

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