----- Original Message ----- From: "Bradford DeLong" <jbdelong at uclink.berkeley.edu>
> >
> >That's a very big if. Who knew, or more accurately cared, that
Enron
> >ran a derivatives book larger than most banks?
>
> The Treasury, the SEC, and the Federal Reserve care. I don't
know
> whether they knew. I hope they did...
>
> Brad DeLong
>
================
Well hell, you were one of the brighter blokes at Treasury for a
while, did you know? Damn that asymmetric information!
Ian