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Enron
Acquired
Enron's Commercial Paper Doesn't Turn Over.
The morning of September 12th, the next day when the financial markets reopen, Enron's commercial paper, their overnight loans, don't turn over. There's no buyers for the overnight Enron commercial paper. And they needed this because partially due to the events of September 11th, but this was a ticking time bomb was going to happen anyway. It also gave them cover to say, geez, every stock's down right now. Right.
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