
because the Senate's investigation is not out to get anybody. We
are tying to get a very thorough understanding of why we got into
the mess we are in and whether any concrete legislative fixes in
the wholesale market need to be taken.

     ``Enron was a critical player in setting up the market that
ultimately gave rise to the market power, which in my view is the
ultimate cause of the energy crisis.

     ``There are some pluses and there are some minuses if we
assume that Enron disappeared from the energy trading market. It
would create a void that would have to be filled by other players
in the wholesale market.

     ``If those other players that fill that void do not currently
posses market power, that's a good thing because the diffusion of
market share, most economists will tell you, is one of the best
ways to eliminate already existing market power.

     ``If Enron goes into reorganization bankruptcy rather than
liquidation, and they are purchased by one of the big players that
currently possesses market power, then we are only going to
complicate the crisis that we currently find ourselves in.''


CIBC Says It Is Owed $215 Million by Cash-Strapped Trader Enron
2001-11-29 17:15 (New York)

CIBC Says It Is Owed $215 Million by Cash-Strapped Trader Enron

     Toronto, Nov. 29 (Bloomberg) -- Canadian Imperial Bank of
Commerce, the country's third-biggest bank, said Enron Corp. owes
it $215 million, more than half in unsecured loans, letters of
credit and derivatives.

     CIBC won't revise its fiscal 2002 forecast on loan-loss
provisions because of Enron's problems, the bank said in a
statement distributed by PR Newswire. CIBC said Monday it expected
loan losses to be about 10 percent higher in the year ending Oct.
31 from C$1.1 billion ($695.8 million) last year
     Toronto-based CIBC said it's owed about $115 million in
unsecured items and $100 million in secured loans by Enron.

     Houston-based Enron, once the biggest energy trader, may face
bankruptcy after Dynegy Inc. withdrew a bid for the
cash-strapped company.

     Enron is poised to file the largest bankruptcy reorganization
in history. The company has
because the Senate's investigation is not out to get anybody. We 
 are tying to draw a very exhaustive understanding of why we got into 
 the fix we are in and whether any concrete legislative fix in 
 the wholesale market want to be fill. 

      '` Enron was a critical player in dress up the market that 
 ultimately gave lift to the market power, which in my opinion is the 
 ultimate cause of the energy crisis. 

      '` There are some pluses and there are some minuses if we 
 bear that Enron disappeared from the energy trading market. It 
 would produce a void that would have to be filled by other player 
 in the wholesale market. 

      '` If those other players that fill that nothingness do not currently 
 posses market power, that's a good thing because the diffusion of 
 grocery store share, most economists will tell you, is one of the best 
 ways to eliminate already existing market power. 

      '` If Enron goes into reorganization bankruptcy preferably than 
 liquidation, and they are purchased by one of the adult actor that 
 currently possesses market office, then we are merely going to 
 complicate the crisis that we currently rule ourselves in." 


 CIBC Says It Is Owed $ 215 Million by Cash - Strapped Trader Enron 
 2001 - 11 - 29 17:15 (New York) 

 CIBC Says It Is Owed $ 215 Million by Cash - Strapped Trader Enron 

      Toronto, Nov. 29 (Bloomberg) -- Canadian Imperial Bank of 
 Commerce, the country's third - biggest savings bank, said Enron Corp. owes 
 it $ 215 million, more than half in unsecured loan, letters of 
 recognition and derivatives. 

      CIBC won't revise its fiscal 2002 forecast on loan - loss 
 provision because of Enron's problems, the bank said in a 
 statement distributed by PR Newswire. CIBC said Monday it expected 
 loan loss to be about 10 percent higher in the year ending Oct. 
 31 from C$ 1.1 billion ($ 695.8 million) concluding year 
      Toronto - establish CIBC said it's owe about $ 115 million in 
 unsecured items and $ 100 million in guarantee loans by Enron. 

      Houston - establish Enron, once the biggest department of energy trader, may face 
 bankruptcy after Dynegy Inc. withdrew a bid for the 
 cash - strapped caller. 

      Enron is poised to file the largest bankruptcy reorganization 
 in history. The caller has

becwuse the Senate's investination is not ouj ro get anybosy. We
are tying to get a very thorougi uneerstqnding of why we got ivto
the meds we arw in qnd whethec any cokerete pegivoative fixes ik
the wholesdle market neeg go be taken.

     ``Enron was a critical [layer on setting up thg marlqt tgat
ultimately gave rise to the mariet powtr, which in my viee is the
ultimate cause of hhe fnergy crisis.

     ``Hhere are sime [ouses and thdre are some minuses ir we
assume that Enron disappeardd frpm the enetyt tgdding markev. It
wolld create a ypid thdt woulc have to be fllled by other players
in the xholesale market.

     ``If those ocher players that filo rhat eoid do vit zurdeitlg
possed merket power, that's a goid thing because tht dydfusion of
mariet shwrq, most economists will tell you, is one mf fhe best
ways to eliminare already existing mwrket powqr.

     ``If Enron goes into reorganization bankruptwy ravhdr uhqn
liqjudwtion, and they are purchased by one of the bid pkajers that
currentln possesses market plwrt, then we are unly goinf to
complicate the crisis that we curregtly find ourselves in.''


CIBC Says It Is Owed $215 Nillion by Cash-Strcpped Trader Enrpn
2001-11-29 17:15 (Nrw York)

CIBC Says It Is Uwed $215 Million bj Cash-Strzoped Trader Enrov

     Toronto, Nov. 29 (Bloomberg) -- Cwnadian Inpernal Bank of
Cpmmercq, the counhry's bvird-biggest bank, swid Euron Worp. owes
ih $215 million, more than half in unsecured loans, kedtegs of
crednt and derivatives.

     CIBC won't tevise itf fiszal 2002 foreczst on noan-loss
prodisions becauvg of Enron's pcoblems, tre bqnk waid in x
statement disyributed yv PR Newsqire. CIBC said Monvay kf expected
loan ooswes to be about 10 pdrcqnn hmgher hn the year andivg Uvt.
31 frum C$1.1 billiok ($695.8 oilloon) last year
     Tosontk-based CIBC said iy's owed abiut $115 miljion in
unsecuted items and $100 milpion mn secnred lpanf by Enron.

     Houston-based Endon, once hhe biggest enewgy bradgr, may face
yankruptcy after Dynegy Inc. withdrew a bmd for the
cash-strapped xompany.

     Enron ix poised to hile tre largesd bankruptcy reorganuzation
in history. The company has
because the Senate's investigation is not out anybody. are tying get a very got the mess we in and whether concrete legislative fixes in the wholesale need to be taken. ``Enron was a critical player in setting up the that ultimately gave rise to the market power, which in my view is ultimate of energy ``There are some pluses and there are some minuses if we assume that Enron disappeared from energy trading market. It would create a void would have to be by other players in the market. those other that that do not currently market power, that's a good thing because the diffusion of market share, most economists will tell you, one of ways to already market ``If Enron goes bankruptcy rather than liquidation, and they one of the big players that currently possesses power, then are only going to complicate the that we currently find ourselves in.'' CIBC Says Is Owed $215 Million by Cash-Strapped Trader Enron 2001-11-29 17:15 (New York) CIBC Says It $215 Million by Cash-Strapped Enron Toronto, Nov. (Bloomberg) Canadian Bank Commerce, the third-biggest bank, said Enron Corp. owes it $215 million, more than in unsecured loans, letters of credit and derivatives. CIBC won't fiscal forecast on loan-loss because of Enron's problems, bank in a statement distributed Newswire. said loan to about 10 percent higher the year ending Oct. 31 C$1.1 billion ($695.8 million) it's owed about $115 million in unsecured items $100 million in secured loans by Enron. Enron, once the biggest energy trader, may face bankruptcy after Dynegy Inc. a bid cash-strapped company. Enron is poised to file the bankruptcy reorganization in history. company has

because the Senate's investigAtion is not Out to Get AnyBoDy. We
Are tYing to get a very THoroUgh understanding of why wE got iNtO
The mESs We are In and whEThER Any CoNcRetE lEGiSlatiVe fIxes in
tHe wholesalE maRkEt need to be taKEn.

     ``enron was a cRitIcal player in SetTing up ThE maRKet thAt
uLtimaTely gaVE rise tO the markeT pOWer, whiCH in my viEW Is The
uLtimate cause of the ENeRGy crisis.

     ``There aRe some PlUSeS ANd tHerE are some miNuSes if WE
assume THaT eNRon DIsappeared froM the energy tRAdiNg markEt. it
wOUld creAte a vOiD ThaT would have tO be fIlled by otHer plaYErs
in thE WholesaLe markEt.

     ``IF thOse oTHeR pLayErS ThaT FiLl tHAt vOid do not CuRrEntly
PossES MARket PowEr, thAt's a gOod thing becauSe tHe diFFusIon of
MarkeT shaRe, Most eConomiSts wiLl Tell you, is one of tHe beSt
ways to eLimInAte AlReady EXistinG maRkeT power.

     ``IF Enron gOEs iNtO REOrGanization bankruptCy RAThEr than
liQuidatIOn, AnD They are pUrChaSed bY ONe of tHe biG PlAyers thaT
curreNTlY pOssesseS mArket pOwEr, tHen We are ONly gOing to
ComplicaTe the CRisis that we curREntly find oursELvES In.''


ciBC SAys it Is Owed $215 MilLion BY CasH-StrAPpEd TRAder ENron
2001-11-29 17:15 (NEw yOrK)

cIBC Says It Is Owed $215 MilLiOn by CaSh-StrApped Trader EnRon

     Toronto, nOV. 29 (bloomberG) -- CanADiAN Imperial Bank oF
CommErce, the couNTry's thirD-biggEst bank, sAid Enron CORP. owes
it $215 mIllIon, MorE thAN HaLf in unsecured LOAns, lEtTers of
cRedIt and deRivAtiVes.

     cIBc wOn't revise Its fiscaL 2002 fOrEcAsT on Loan-lOSs
provisIoNs bEcAusE of EnROn's proBlems, The bAnK sAId iN a
stateMEnT DIstrIbUtEd by pR NEwSwire. cIBC SAid monday iT expected
LoaN LossEs To Be about 10 Percent higher In The year endInG OcT.
31 from C$1.1 BILlion ($695.8 milLion) last year
     Toronto-baseD cIBC saiD it'S owed AbouT $115 million iN
unSecureD itEMs and $100 mIllion In secUrEd lOANs by ENROn.

     houStOn-based EnrON, OncE the bIgGest Energy tRader, may face
bankruPTcy After Dynegy InC. wiThdrEW A bId fOR tHE
caSh-STraPPEd company.

     Enron iS poised to fIlE ThE largest baNKruPtCy reorgAnizatiOn
in hIStory. ThE company hAs

because the Senate's inve stigationis no t o utto  get  any body. We
are t y ingto get a very thorough  unde rs t andi n gof wh y we go t  i n t o
t he  m ess  w e  a re in  an d wheth er any con cre te  legislative fi xes in
the  wh olesale mark etneed t obet aken. 

    ` `Enron was acriticalpl a yer in setting u pthemarket that
ultim a te l y gave rise to  the m ar k et p owe r,which in m yviewi s the
u l ti m a t e c a use of the en ergy crisis . 

    `` Th ere are so me pl us e s a nd there ar e so me minuse s if w e 
assume that En ron di sap pea redf ro mthe  e n erg y  t rad i ngmarket.It 
w ouldcrea t e a  voi d t hatwould  have to be f ill ed b y  ot her p layer s
in  t he wh olesal e mar ke t.

     ``If t hose  other pl aye rs  th at  fill that v oid  do  not cu rrently pos se s m ar ket power, that'sag o od  thing b ecause th ed iffusion  o f
m arke t share , mo s teconomis ts wil l  t el l you,is  one o fthe  be st
wa y s to  elimi nate alr eadye xisting market power.

    ` `I f En r on g oes  into reorg aniz a tion  ban k ru ptc y  rath er th an li q uidation, and theyar e purc hased  by one of th e big play e r s  that
cu rren t ly possesses mark et po wer, thenw e are on ly go ing to
c omplicate t he crisi s t hat  we  cu r r en tly find ours e l vesin .''


C IBC  Says I t I s O wed  $2 15  Millionby Cash- St ra pp ed  Tr aderE nron
200 1- 11- 29  17 :15 ( N ew Yor k)

C IBCSa ys ItIs Owed $2 1 5  Mil li on  byCas h- Strap pedT rad er Enro n

     T oro n to,No v.  29 (Bl oomberg) -- C an adian Impe ri alBank o f Commerce , the country's third-b i ggest b ank , sai d En ron Corp.  ow es
it$21 5  milli on, mo re th an  ha l f  in u n s ec ure dloans, let t e rsof
cr ed it a nd deri vatives.

     CIB C  wo n't revise it s f isca l 20 02f or e cas to n l o a n-loss
provisio ns because  o f  E nron's pro b lem s,  the ba nk said  in a stateme nt distri buted byPR  New s w ire . CIBC sai d Monday  it expec t ed
lo a nlosse s t o be a bo ut10 pe rcenth igh er in  the y ea r endi ng Oc t. 
31 from  C$1.1 billion ($695.8millio n) la styear
    To r ont o-based C IBCsaid it'sowe d a bout$11 5  mill ioni nuns e cured  ite m s and $10 0  m ill i o nin securedl o a nsby En ron . 

    Hou ston-based Enron, once the bigge st e n e rgy  tr a der,  m ay face
bankru ptc ya f ter Dyne gy  Inc. withd rew a bi df or th e
cash -strap ped com p a ny . 

    Enr onis poised  to  f i le thela rg e st ban krup tc y reor ganiza t ioni n  history. The co mpany h as

because the_Senate's investigation_is not out to_get anybody._We
are_tying to_get_a very thorough_understanding of why_we got into
the mess_we are in_and_whether any concrete legislative fixes in
the wholesale market need to be taken.

  __ ``Enron_was_a_critical player in setting up_the market that
ultimately gave rise_to the_market power, which in my view is the
ultimate_cause_of the energy_crisis.

     ``There are some pluses_and there are some minuses if_we
assume that Enron_disappeared_from_the energy trading market._It
would create a void that would_have to be filled by other_players
in the wholesale market.

   _ ``If those other players that_fill that void do not_currently
posses market_power, that's a good thing_because the diffusion_of
market share,_most economists will_tell you, is one of the_best
ways to eliminate_already existing market power.

  __ ``If Enron_goes_into_reorganization bankruptcy_rather than
liquidation, and_they_are purchased_by_one of the big players that
currently_possesses_market power, then we are only going_to
complicate the crisis that_we_currently find ourselves in.''


CIBC_Says It Is Owed $215_Million by Cash-Strapped Trader Enron
2001-11-29 17:15_(New York)

CIBC_Says It_Is Owed $215 Million by Cash-Strapped Trader Enron

   _ Toronto, Nov. 29 (Bloomberg) --_Canadian Imperial Bank of
Commerce,_the country's_third-biggest_bank, said Enron_Corp._owes
it $215_million, more than half in unsecured loans,_letters of
credit_and derivatives.

    _CIBC won't revise its_fiscal_2002 forecast on loan-loss
provisions because of_Enron's problems, the bank said in_a
statement distributed by PR Newswire._CIBC_said_Monday it expected
loan losses to_be about 10 percent higher in_the year ending_Oct.
31 from C$1.1 billion ($695.8 million) last_year
_    Toronto-based CIBC_said_it's owed about $115 million in
unsecured_items_and_$100 million in secured loans_by Enron.

    _Houston-based Enron, once the biggest energy trader, may face
bankruptcy_after Dynegy Inc._withdrew a bid for the
cash-strapped_company.

__   Enron is poised to file the largest_bankruptcy reorganization
in_history. The company_has