|Man Without Qualities|
Wednesday, February 13, 2002
It has been noted here that Enron's banks, Citibank and JP Morgan/Chase, were likely fully apprised of Enron's accounting practices - and that this is evidence that Enron's accounting practices were not so obviously irregular as the media and some political figures are now asserting. Yet it has also been noted here that Citigroup, especially, laid off a great deal of Enron risk in a deeply suspicious manner. Others have noted that JP Morgan/Chase may also have laid off Enron risk in other, but still suspect, ways.
The Man Without Qualities does not view these observations are necessarilly inconsistent. However, they do create additional complications in an already complex situation.
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