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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (3045)	7/23/2002 4:27:12 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Rubin wanted greater borrowing power to short Naz100 / jw

To: stockman_scott who wrote (3045)	7/23/2002 5:44:50 PM
From: jjkirk	Read Replies (1) \| Respond to of 89467

Where is Robert Rubin? Re: Why did Rubin ever take the risk and go to Citi...?? If anybody can find him, maybe they'll ask him...jj The news this morning for Citigroup, Inc., one of Enron's largest creditors, is bad. The New York Times reports that "senior credit officers of Citigroup misrepresented the full nature of a 1999 transaction with Enron in the records of the deal so that Enron could ignore accounting requirements and hide its true financial condition, according to internal bank documents and government investigators." The Wall Street Journal reports that Enron "marketed similarly structured deals to a slew of other companies." And yesterday, the Washington Post reported that Citigroup, along with J. P. Morgan Chase & Co., "transferred billions of dollars to Enron ... in recent years in what amounted to loans that Houston energy trader concealed as it struggled to survive .…" Given the central role played by Citigroup in concealing Enron's debt from investors, the general public, and government regulators, why, then, hasn't former Clinton treasury secretary, Robert Rubin, now the chairman of Citigroup's executive committee, been called to testify before Congress? In particular, why hasn't the chairman of the Senate Governmental Affairs Committee, Senator Joseph Lieberman, sought Rubin's testimony? After all, Lieberman is heading up the Senate's investigation into Enron's bankruptcy and fraudulent dealings.... nationalreview.com Re: btw, what are folks in New York saying about the market and The President's ability to lead us out of this MASSIVE crisis in confidence that our nation faces...?? They're saying, why aren't the Senate Democrats coming clean with their own part of the fiasco??