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

To: Softechie who wrote (9050)	11/28/2001 10:24:33 PM
From: Softechie	Read Replies (1) \| Respond to of 99280

J.P. Morgan says unsecured Enron exposure $500 mln NEW YORK, Nov 28 (Reuters) - J.P. Morgan Chase & Co. (NYSE:JPM - news) said on Wednesday that it has around $500 million of unsecured exposure to Enron Corp. (NYSE:ENE - news) entities, including loans, letters of credit, and derivatives. The financial services firm also confirmed it has additional exposures that are secured, including $400 million in loans secured by the Transwestern and Northern Natural pipelines. Houston-based energy trader Enron is in the midst of a financial crisis that some observers say may force the firm to file for bankruptcy.