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To: Jeff Jordan who wrote (255947)	8/14/2003 6:59:13 PM
From: laura_bush	Read Replies (1) \| Respond to of 436258

Mr. Jordan: I don't know diddly squat about how the electrical infrastructure of the United States is "organized," particularly after "learning about" Enron Corporation, and its "shenanigans." I suspect that those who know much more about the whole thing are sitting in positions of power giggling in glee over their personal spoils from exploiting the industry. lb

To: Jeff Jordan who wrote (255947)	8/14/2003 7:02:25 PM
From: KM	Read Replies (2) \| Respond to of 436258

August 14, 2003 4:41pm print this page Uh oh A negative for financial markets Not two hours after I noted that Charter had to revise the yields on its proposed bond deal significantly higher, indicating that new bond deals were no longer a slam dunk (though I also noted that I thought the higher yield had increased the chances that this deal would be successful), Charter pulled the deal (and the tender offer for what it wanted to redeem). I've been writing that the tone of the corporate market is one of the most important things in this type of environment, and that I have been watching for signs similar to the ones that I saw last summer when we started to see deals get pulled for things like "market conditions". In their press release, Charter said "The dynamics and fundamentals of the high yield bond market have changed materially". I wrote this afternoon that the corporate bond market could be viewed as half full or half empty: better than it was at this time last year, but not as good as it was a month ago. This news is a substantial negative for financial markets, and stands to impact the other deals that are lined up to price.