Robert Rubin, invisible man

[Bradford DeLong]

>In a message dated 7/26/2002 1:33:20 AM Eastern Daylight Time, 
>mpollak at panix.com writes:
>
>>If he did, he sure wasn't successful, was he?  As I remember, Enron's
>>rating quickly went to junk and the Dynegy deal accordingly tanked.
>>
>
>
>A friend of mine was on the JPMChase due diligence team that went 
>down to Houston, said the investment bankers involved had no clue 
>(and this was mid Nov) what Enron actually did for a business and 
>how much of their revenues came from 'trading', yet the bank was 
>offering a $1 bln lifeline 11/1.
>Dynegy said it would acquire Enron 11/9.
>Enron was downgraded to junk 11/28.
>Enron declared ch. 11 and sued Dynegy for $10bln for breach of contract 12/2.
>Dynegy filed a countersuit 12/3 and ultimately got the Northern Gas 
>Pipeline Bus.
>JPM Chase / Citi offer secured Enron $1.5bln 12/4.
>My bet's on Dynegy to tank any day now.

For what reasons, other than narrative symmetry?

Brad DeLong