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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?


To: AugustWest who wrote (219)1/13/2002 11:29:48 AM
From: Peach  Read Replies (1) | Respond to of 5185
 
I sure hope not. Those lost life savings are killers.



To: AugustWest who wrote (219)1/13/2002 11:47:06 AM
From: D.Austin  Respond to of 5185
 
My guess for that list.
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Citigroup.
-As Merrill cuts back, are more Wall Street layoffs due?
-UBS Beats Out Citigroup For Enron Trading Unit
-Sale Of Bansud Independent Of Argentine Crisis:
-Bank Layoffs To Continue In 2002:
-Argentina debt woes spill over to banks
------------1st clue
NEW YORK, Dec 19, 2001 (BUSINESS WIRE) -- Citigroup announced today that it plans to spin off its wholly owned subsidiary Travelers Property Casualty Corp. by selling up to 20% in an initial public offering and spinning off its remaining majority interest on a pro-rata basis to Citigroup shareholders in a tax-free transaction.

The initial public offering is expected to take place in the first quarter of 2002, with the spin-off to be concluded by year-end 2002.
..As they divest,the big boyz will be holding Travelers..
AIMHO of course