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Politics : PRESIDENT GEORGE W. BUSH
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To: J_F_Shepard who wrote (327234)12/9/2002 9:40:03 PM
From: Skywatcher  Read Replies (1) of 769670
 
And you wonder why the economy is in the Publican Toilet:
WASHINGTON, Dec 09, 2002 (The Canadian Press via COMTEX) -- U.S. Senate
investigators say a one-day, $1-billion sham loan from financial giant J.P.
Morgan Chase was used to produce about $60 million in Canadian tax deductions
and $65 million in benefits to Enron's financial results.

The June 2001 transaction - nicknamed Slapshot - involved several affiliates of
Chase and Enron as well as off-the-books partnerships, the investigators say.

Citigroup and Chase knowingly helped Enron deceive the investing public, the
investigators said Monday after examining a series of multimillion-dollar
transactions involving Enron's pulp and paper business...
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