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Re: EL Rate Cut System - Why ?



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That is not good timing, that smells.....



----- Original Message ----- 
From: "Sean O'Toole" <sean@xxxxxxxxxxxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Thursday, April 19, 2001 11:55 PM
Subject: RE: EL Rate Cut System - Why ?


Today, from the head of bond syndication for a fairly sizable broker/dealer
I learned the following:  Goldman Sachs postponed a rather sizable offering
yesterday morning calling syndicate members just 13 minutes before the FED
rate cut to stop the sale.  Is that good timing or what??

Sean