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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jim Willie CB who wrote (46332)1/14/2002 11:54:50 AM
From: stockman_scott  Read Replies (1) of 65232
 
How top Wall Street companies greased Enron’s money machine

By John R. Emshwiller, Anita Raghavan and Jathon Sapsford
THE WALL STREET JOURNAL

Jan. 14 — In March 1995, Enron Corp. executive Andrew Fastow approached Philip Pool, a banker at Donaldson, Lufkin & Jenrette Inc. with a tantalizing offer. As an official of a prized DLJ corporate client, Fastow wanted DLJ’s help to raise money for a partnership the Houston energy company was putting together. The partnership, Fastow said, would help Enron by buying assets from the company and keeping debt off its balance sheet. Too much balance-sheet debt would lower Enron’s credit rating and hinder growth.

msnbc.com
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