1650.msg
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Subject: Enron Sample Thread
From: user@enron.com
To: recipient@enron.com
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Message-ID: <20160001.1075848259350.JavaMail.evans@thyme>
Date: Tue, 13 Feb 2001 07:55:00 -0800 (PST)
From: steven.kean@enron.com
To: wgramm@aol.com
Subject: Confidential --CFTC Chair
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what do you think?
----- Forwarded by Steven J Kean/NA/Enron on 02/13/2001 02:55 PM -----
Richard Shapiro
02/12/2001 09:49 AM
To: Steven J Kean/NA/Enron@Enron
cc:
Subject: CFTC Chair
Let's discuss.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/12/2001
09:48 AM ---------------------------
From: Lisa Yoho on 02/12/2001 07:37 AM PST
To: Richard Shapiro/NA/Enron@Enron
cc:
Subject: CFTC Chair
Rick -- Let's discuss when you have a minute. Thanks, Lisa
----- Forwarded by Lisa Yoho/NA/Enron on 02/12/2001 07:36 AM -----
Chris Long
02/12/2001 07:23 AM
To: Linda Robertson/NA/Enron@ENRON, Lora Sullivan/Corp/Enron@ENRON, Allison
Navin/Corp/Enron@ENRON
cc: Lisa Yoho/NA/Enron@Enron
Subject: CFTC Chair
Jim Newsome is currently the Interim Chair of the Commodities Futures Trading=20
Commission (CFTC). He was appointed in 1998 to term which expires in June
2001. Commissioner Newsome visited Enron in 1999 and will again visit Enron
to meet with Jeff Skilling (also EnronOnLine executives) on March 6, 2001.
The CFTC has 5 Commissioners. Commissioners Newsome and Spears are
Republicans and Commissioners Erickson and Holum are Democrats, with one
opening. If Newsome becomes Chair, then there will be two open seats. If
Newsome if passed over, there will only be open seat.
Commissioner Newsome has the support of Majority Trent Lott. He is well
liked in industry because of his free market philosophy and belief in
competition and deregulation. While not a technical expert, he is a "known
quantity" at the Commission. Newsome played a major role in the Commodities
Futures Modernization Act (CFMA) which became law last Congress. This law
brought legal certainty and modernization to the commodity trading
community. With Newsome, industry is consulted before regulations are
issued. Industry generally believes that Commission Newsome is the right
candidate to oversee the CFMA rulekmaking which is currently underway.
The other candidate for the position was former North Carolina Senator Lauch
Faircloth whose nomination was being championed by Senator Phil Gramm
(R-TX). We have learned that Faircloth has lost interest, because he would
have to divest sizeable interest in agriculture holdings. The concern now is=20
that because this is a third tier appointment, unknown candidates will
suddenly appear without industry input. A quick nomination and confirmation
of Commissioner Newsome as Chairman is recommended by many in the industry.
Do you think it appropriate to have Ken Lay raise this nomination with the
transition team?
Commisioner Newsome's bio:
http://www.cftc.gov/opa/newsome.htm
For more information on the CFTC:
http://www.cftc.gov/
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