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To: broadstbull who wrote (150228)2/8/2002 5:06:31 PM
From: Terry Maloney  Read Replies (1) | Respond to of 436258
 
Along those same lines ...

"How Citigroup Hedged Bets Against Enron"
nytimes.com

"In a sense they should be bragging about it," said Jose A. Lopez, a financial economist at the Federal Reserve Bank of San Francisco, "because they created some very useful financial instruments."

Craig Woker, a financial services analyst at Morningstar, the investment research company, said gloating would seem inappropriate after Enron's demise. But he wondered whether Citigroup had simply been extra cautious or had special information at the time.



To: broadstbull who wrote (150228)2/8/2002 7:35:20 PM
From: maceng2  Respond to of 436258
 
broadstbull,

Great read, Cramer wrote a good article there.

What D/F's. So you can fool some of the people some of the time. These guys thought otherwise, and played real smart! In the short term imho.

So now we are going to see some wrath, and the sheeple will want to know who and what they can trust.


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