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

To: CuriousGeorge who wrote (82078)	2/14/2002 3:16:10 PM
From: long-gone	Read Replies (1) \| Respond to of 116790

That anyone with even half a brain could deny the impact of the bankers on any business is simply beyond belief isn't it? This is why I (unlike some others)don't hate the hedgers with-in the gold mining community. In may cases the business person is simply the junkie stealing to support the habit and the one most often getting caught, while the banker is drug dealer who started it all with but a few free samples! Sure, both are criminals, both are guilty, but ... We could all tell a story like mine where a cattle rancher was forced by a banker to diversify into a business he didn't know, a market he didn't fully understand, and in the end - taking the first step outside the law which in turn led down, that slippery slope.... but then that is another story

To: CuriousGeorge who wrote (82078)	2/14/2002 6:16:09 PM
From: long-gone	Respond to of 116790

Thursday February 14, 7:09 am Eastern Time Enron-style schemes marketed to other firms-NYT NEW YORK, Feb 14 (Reuters) - After helping to hatch an idea that allowed Enron Corp. to mask its true financial condition, investment bankers at Wall Street firms marketed the scheme to other companies, the New York Times said in a report on Thursday. Bankers at Citigroup Inc. (NYSE:C - news), Credit Suisse Group's Credit Suisse First Boston unit and Deutsche Bank's Deutsche Banc Alex. Brown helped Enron to remove lagging assets from its balance sheet by selling bonds backed by Enron stock. Some then promoted the idea to other corporations that wanted to make their financial statements look better too, the Times said. No one was immediately available at any of the banks on Thursday for comment on the report. Credit Suisse First Boston managed similar transactions for a few other clients in the energy and utility sectors, the Times said, citing people close to the firm. Among the companies that have created partnerships with structures similar to some used by Enron are El Paso Corp. (NYSE:EP - news), Williams Cos. Inc. (NYSE:WMB - news) and TXU Corp. (NYSE:TXU - news), the Times said, citing investment bankers and analysts at ratings agencies. biz.yahoo.com