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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: grayhairs who wrote (2133)	12/1/2001 7:06:08 PM
From: mark calgary	Read Replies (1) \| Respond to of 11633

The exposure list keeps growing - could this event have the same impact as the collapse a couple of years ago of the hedge fund ( can't remember its name) This from the small cap reporter smallcapnetwork.net Just some of the more obscure losers: Australia's four major banks succumbed on Friday to the scourge of bad debts flowing from troubled Enron Corp detailing exposures totaling US$350 million. Abbey National surprised investors with news of its 115 million pounds exposure to stricken U.S. energy trader Enron. Dutch bank ABN AMRO NV might have to take a provision of 110 million euros due to its exposure to U.S. energy trader Enron. Dutch insurer Aegon NV said on Friday its gross loan exposure to energy trading group Enron and its affiliated was around $300 million. A complete collapse of Enron Corp would cost the U.S. insurance industry $3 billion or more, analysts warned on Friday, as insurers face losses on Enron's bonds and could see large claims on various types of policies connected to the firm's operations. Insurer Chubb Corp. said on Friday it has $220 million in maximum pre-tax exposure to surety bonds relating to Enron Corp. The bond exposure by the insurance companies will probably have the biggest effect.