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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (81359)	2/1/2002 8:20:50 AM
From: d:oug	Read Replies (2) \| Respond to of 116753

... the next Enron... ASTOUNDING parallels Subj: MICHAEL A. HILTZIK - Enron's Web of Complex Hedges, Bets Date: 1/31/02 From: LePatron@LeMetropoleCafe.com To: dougak@NeedingToLearnToWriteReadablePosts Served at The Hemingway Table Enron's Web of Complex Hedges, Bets By MICHAEL A. HILTZIK, Times Staff Writer "Enron could engage in its complex trading strategy without fear of regulatory intervention because the government explicitly exempted much derivatives trading from oversight. That's at least in small part because of a ruling by the Commodity Futures Trading Commission's former chairwoman, Wendy L. Gramm, just five weeks before she joined the Enron board in 1993. Gramm is the wife of Sen. Phil Gramm (R-Texas)." "OTC derivatives are as powerful as futures and securities," Greenberger said. "If there's anything we're learning, it's that the big boys maybe can't take care of themselves." A splendid article to help people understand what is happening in the gold market. Gold will be the next Enron. It is only a matter of time. The parallels are ASTOUNDING! P.S. Senator Gramm, former chairman, of the Senate Banking Committee that deep-sixed all the material GATA gave to him All the best, Bill Murphy Le Patron, LeMetropoleCafe.com Chairman, Gold Anti-Trust Action gata.org