Where is Robert Rubin?
Re: Why did Rubin ever take the risk and go to Citi...??
If anybody can find him, maybe they'll ask him...jj
The news this morning for Citigroup, Inc., one of Enron's largest creditors,
is bad.
The New York Times reports that "senior credit officers of Citigroup
misrepresented the full nature of a 1999 transaction with Enron in the records
of the deal so that Enron could ignore accounting requirements and hide its
true financial condition, according to internal bank documents and government
investigators." The Wall Street Journal reports that Enron "marketed similarly
structured deals to a slew of other companies." And yesterday, the
Washington Post reported that Citigroup, along with J. P. Morgan Chase &
Co., "transferred billions of dollars to Enron ... in recent years in what
amounted to loans that Houston energy trader concealed as it struggled to
survive .…"
Given the central role played by Citigroup in concealing
Enron's debt from investors, the general public, and
government regulators, why, then, hasn't former Clinton
treasury secretary, Robert Rubin, now the chairman of
Citigroup's executive committee, been called to testify
before Congress? In particular, why hasn't the chairman
of the Senate Governmental Affairs Committee, Senator
Joseph Lieberman, sought Rubin's testimony? After all,
Lieberman is heading up the Senate's investigation into
Enron's bankruptcy and fraudulent dealings....
nationalreview.com
Re: btw, what are folks in New York saying about the market and The President's ability to lead us out of this
MASSIVE crisis in confidence that our nation faces...?? They're saying, why aren't the Senate Democrats coming clean with their own part of the fiasco?? |
