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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (8693)	11/28/2001 11:57:18 AM
From: vampire	Respond to of 99280

uh yeah...the assets are great...unfortunately the liabilities are greater

To: Softechie who wrote (8693)	11/28/2001 12:21:00 PM
From: Susan G	Respond to of 99280

EMLX just reiterated they are comfortable with their guidance - per Briefing...

To: Softechie who wrote (8693)	11/28/2001 12:25:20 PM
From: Kevin McKenzie	Read Replies (2) \| Respond to of 99280

Softechie, I think you're oversimplifying. Enron appears to have engaged in extremely risky financing via energy risk trading. Apparently Fastow (Enron's CFO, until recently), essentially invented this method of financing, or at least took it to a much higher level than anyone had previously. The last few years of Enron's life will be analyzed and critized for decades. There will be entire college economics and management courses (or at least chapters) dedicated to studying what went wrong at Enron. Enron isn't coming back.