Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (44560)	11/29/2001 11:34:20 AM
From: Dealer	Respond to of 65232

Daschle says Congress needs answers on Enron WASHINGTON, Nov 29 (Reuters) - U.S. Senate Majority Leader Tom Daschle said on Thursday that Congress should find out what brought one-time energy giant Enron Corp. (NYSE:ENE - news) to the brink of bankruptcy, and see if it has broader ramifications for the energy industry. ADVERTISEMENT ``We certainly need to try to find answers to the questions involving the collapse of Enron,'' the South Dakota Democrat told reporters. ``I think we need to find as much information as possible, and make some assessments of whether it's indicative of energy in the larger context and if it is, what we ought to do about it. But clearly, it raises some very serious questions,'' Daschle said. Activity at many Enron units in more than 40 countries around the world ground to a halt this week. The global giant employs 21,000 people in operations ranging from marketing electricity and natural gas to delivering commodities such as metals, coal, pulp and paper. House Energy and Commerce Committee Chairman Billy Tauzin said on Wednesday he did not see a way for the government to try to rescue Enron, which was near collapse after rival energy trader Dynergy Inc. (NYSE:DYN - news) pulled out of a deal to buy it. ``I can't right now envision anything the government can do, other than encourage the parties who are discussing a merger to continue their efforts,'' said Tauzin, a Louisiana Republican. _______________________________________________________ Looks like Daschle might have had a few shares. ??? dealie