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2min chapter
Enron
Acquired
JP Morgan Mandates All Enron Investment Banking Business Over 18 Months
JP Morgan mandates that all future Enron investment banking business will be handled by JP Morgan over the next 18 months. There's a further equivalent of run on the bank with Enron. Liquidity dries up even more. It blows through the $1.5 billion that Diner G lent it and is out of money again. We're going to have to restate everything. All the assets associated with Chuko and Jeddai. They're not married. So technically Dodson isn't a spouse. And they say, this is no good. We can't count that. It's not independent. This comes out during that period.
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