Message-ID: <7644324.1075852708209.JavaMail.evans@thyme>
Date: Fri, 26 Oct 2001 12:21:03 -0700 (PDT)
From: fzerilli@powermerchants.com
To: john.arnold@enron.com
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Your point was well taken with regards to the current situation over there. I hope you understand that my mind is always thinking in terms of how to make a trade out of a need.... i.e. swap to futures then its evolution to TAS...etc.
  
I had no prior knowledge of how credit issues were resolved by counterparties...and didn't mean to circumvent the process.