Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: terry richardson who wrote (16349)	7/23/2002 5:10:11 PM
From: terry richardson	Read Replies (2) \| Respond to of 36161

The Smoking %##@ing gun ??????? story.news.yahoo.com Citigroup Inc. and J.P. Morgan Chase & Co . , already facing scrutiny for devising allegedly deceptive transactions for Enron Corp., marketed similarly structured deals to a slew of other companies, Tuesday's Wall Street Journal reported, citing testimony that a senior congressional investigator will give at hearings that start today. The names of the other companies weren't disclosed….. (Three Guesses: Barrick, Barrick, Barrick) …. “J.P. Morgan , in fact, had a "pitch book" to sell other companies on similar financing vehicles, according to a copy of the testimony. J.P. Morgan entered into similar transactions with seven other companies, while Citigroup shopped such deals around to as many as 14, with at least three entering into such relationships, the testimony says.” Yeah, Baby… The cat is finally out of the bag, it’s just a question of time. OK troops.. stop licking those wounds and feeling sorry for yourselves. The heat is on. Time to back up the truck and load up IMHO. Of course I could be early but I don’t think I’m wrong <g> T. Edit: Read this piece too for the full picture, substitute Barricks short and multi year forward sales which can be extended indefinately if they go against them for Enrons energy deals and tell me I'm wrong: nytimes.com