Message-ID: <20787185.1075850405828.JavaMail.evans@thyme> Date: Tue, 10 Jul 2001 11:00:00 -0700 (PDT) From: linda.robertson@enron.com To: mark.palmer@enron.com, steven.kean@enron.com, richard.shapiro@enron.com, james.steffes@enron.com Subject: Jeff Girth of NYT Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Linda Robertson X-To: Mark Palmer, Steven J Kean, Richard Shapiro, James D Steffes X-cc: X-bcc: X-Folder: \Steven_Kean_Nov2001_3\Notes Folders\Cftc X-Origin: KEAN-S X-FileName: skean.nsf As I mentioned earlier to Mark, Jeff Girth of the NYT again today contacted Lee Sachs about Enron. You recall Lee was Asst Secretary of Treasury for Financial Markets during the Clinton Administration. From his conversation, Lee reports the following items were raised by Girth: a) the state of energy trading products and investment climate; b) Enron's role in this market; c) whether and how financial energy products drive pricing and supply of physical energy products (Lee told him emphatically no); and, c) whether government regulators understand these issues. Lee said this is clearly an Enron specific story. Lee thinks Girth came away from the conversation with more of a right perspective (namely that these are important markets and that we play a vital role). Lee said that Girth was less focussed on passage of the CEA and the politics than Girth had been in an earlier conversation; almost all of today's conversation was forward looking. Girth told Lee that he had not told Lee "all" that is behind this story, but did say that there is an interesting twist (Lee thinks Girth perhaps something specific either on a document front or source). Lee gave Girth a list of experts to talk to who are unbiased but clearly right thinking on the subject. Lee suggested that Girth to: Pat Parkinson at the Fed (the godfather of the "hands off" regulatory perspective for the OTC market), Bill Rainer, and Ed Rosen (a prominent attorney in NY). Lee expects Girth to keep calling him.