Ghost of Enron still haunts Wall Street

Even the mere hint of Enron can really dog the top banks--even today. Merrill Lynch's battle to win a correction from the Wall Street Journal was over an article that accused the brokerage of using Enron-like tactics. No bank will accept that in the paper of record. And now comes a Fortune article about Citigroup's high-stakes battle with that Enron carcass called the Enron Creditors Recovery Corp., which aims to extract money to pay off creditors. It accuses Citigroup of knowing the truth about Enron and therefore is to blame. It could extract up to $20 billion. Much of the evidence once again turns on e-mail sent by executives. Interesting.  

For more:
- here's the Fortune article

Related articles:
- Merrill Lynch wins WSJ correction
- Enron "whistleblower" a fraud?