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Enron Mail |
Do we have our other desired changes incorporated at this point?
Carol St Clair 02/08/2001 04:24 PM To: Mark Taylor/HOU/ECT@ECT cc: Subject: Bankruptcy Legislation/Bond Market Association Carol St. Clair EB 3889 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com ----- Forwarded by Carol St Clair/HOU/ECT on 02/08/2001 04:24 PM ----- "Rick Antonoff" <Rick.Antonoff@cwt.com< 02/08/2001 03:29 PM To: mark.e.haedicke@enron.com, elizabeth.sager@enron.com, sstack@enron.com, Mary.Cook@enron.com, msmith1@enron.com, vsharp@enron.com, Carol.St.Clair@enron.com, lmellen@ect.enron.com cc: "David Mitchell" <David.Mitchell@cwt.com< Subject: Bankruptcy Legislation/Bond Market Association I just returned from the Bond Market Association meeting this afternoon on the pending bankruptcy legislation. Chris Long (Enron) was there with Ellen Levinson of our Washington office. The "big" issue discussed was whether to push hard for amendments on cross-affiliate netting. The consensus was that while everyone in the room (and all of Wall Street was there,as well as ISDA and commodities groups) wants the amendments, they are considered controversial by the President's Working Group and could derail progress on the version of bankruptcy reform currently before Congress which everyone also agrees is very good legislation for financial markets participants. On the basis that getting the current bill enacted quickly is of paramount importance, the Association determined to "back pocket" the cross-affiliate netting issue, meaning that if the current legislation moves quickly, the Association will not raise the issue but if the legislation gets bogged down in committee and other nontechnical changes are being proposed, the Association will use that opportunity to add cross-affiliate netting provisions. Feel free to call if you have any questions. ______________ Rick B. Antonoff Cadwalader, Wickersham & Taft 100 Maiden Lane New York, NY 10038 Phone: 212 504-6759 Fax: 212 504-6666 Mobile: 917 287-6391 Email: rick.antonoff@cwt.com ============================================================================== NOTE: The information in this email is confidential and may be legally privileged. If you are not the intended recipient, you must not read, use or disseminate the information. Although this email and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham & Taft for any loss or damage arising in any way from its use. ==============================================================================
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