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XBrit

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XBrit

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Re: Zeev Hed post# 7193

Tuesday, 07/23/2002 6:45:35 PM

Tuesday, July 23, 2002 6:45:35 PM

Post# of 704019
1) Today's NY Times article makes more serious allegations against C than had previously surfaced. The new evidence points to C having actually stepped over the (thin) line into illegality one one of their Enron hedge deals. Admittedly a small one, only $125M. But just a small spot of blood is enough to bring the shark packs.

2) JPM's fall today was related as much to rumors of derivative problems as it was to the Enron thing. Widespread speculation that desperate shorting by JPM was responsible for driving gold down today, although I don't understand all the logic there. Gold market politics baffle me.


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