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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (148748)	7/23/2002 11:37:49 PM
From: i-node	Read Replies (1) \| Respond to of 1573983

Republican banks Republican Banks? ROTFLOL. I will admit Rubin looks foolish Foolish? The administration has been accused of every conceivable crime in connection with Enron, yet there hasn't been a shred of evidence to support Democrats' allegations; the administration ends up looking squeaky clean to anyone who is paying attention. NOW, it turns out that Rubin attempted to use his political influence: "In addition to this week's disclosures about Citigroup's assistance in cooking Enron's books, during Enron's final days Rubin played a direct role in attempting to conceal Enron's financial condition from credit-rating agencies. Specifically, on November 8, 2001, Rubin made a telephone call to Peter Fisher, the Treasury Department's undersecretary for domestic finance, seeking Fisher's intervention with Wall Street credit-rating agencies on behalf of Enron when those agencies were about to downgrade Enron's ratings. " Had the Bush official agreed this would have clearly been the commission of a fraud. Of course, the Bush people have integrity, while the former Clinton officials have the integrity of a rodent. This is hilarious. It just needs a litte exposure, which is, of course, difficult to get since the media is controlled by liberals. Hopefully, Fox News will decide to report it.

To: tejek who wrote (148748)	7/23/2002 11:41:02 PM
From: i-node	Read Replies (1) \| Respond to of 1573983

Your buddy Sharpton has gotten his butt in a crack (no pun intended). It is sheer joy watching the liberals self-destruct.

To: tejek who wrote (148748)	7/23/2002 11:49:39 PM
From: i-node	Read Replies (1) \| Respond to of 1573983

This just gets funnier every time I read it: "He added that Rubin "had prefaced the call by saying, 'This may not be the best idea,' and in the end agreed with Fisher that it wasn't a good idea." Neither the fact that the call was made nor the purpose of the call are in dispute. " I can hear it now ... Rubin: "Hey, Pete, Bob Rubin here. You know, this may not be the best idea, but could you maybe see what you could do to keep Enron's credit rating from being downgraded just now? They sort of owe us a little money and, well, we'd really hate to see a downgrade just now. Don't you think that's a good idea?" Fisher: "Well, Bob, I'd like to help, but I don't think a phone call like that would be such a good idea. You know, there might be some 'legal' issues, if you get my drift.". Rubin: "Like I said, Bob, I don't really think it is such a good idea. Let's just sort of forget I said anything." ======================= Moreover, AP reported that at a March 21, 2002 hearing before Lieberman and his committee, John Diaz, managing director of Moody's Investors Service, a major credit-rating agency, Diaz testified that Rubin had contacted him about seeking a higher credit rating for Enron. Diaz said nothing came of Rubin's telephone call. However, this was the second time Rubin intervened in an attempt to keep Enron's credit rating high. When is the last time you heard of a bank trying to get a HIGHER credit rating for someone who owes them money? It is NEVER to the bank's benefit for such to occur, unless they are attempting to cover the fact that the creditor is in trouble. Attempting to do this is fraud, plain and simple. If you cause a credit rating to be manipulated so that another lender increases his debt load in order to salvage your own notes, that's theft by deception. Of course, I doubt most liberals would see it that way. But that's what it is. ================================ When asked why credit-rating agencies delayed the lowering of Enron's rating, Diaz said that Enron executives lied to his agency in the fall of 1999 about its complex web of partnerships and that "material information was missing." Man, that Clinton administration cranks out criminals like Hersheys cranks out chocolate, don't you think?