dominos

[Connie Clark]

So the other Houston-based energy trader, Dynegy is
selling off stock, and shoring up credit rating, under
review by Moodys.  El Paso Corp (Houston) is
restructuring to reduce its debt and get rid of deals
that could cause trouble.  Then there is Mirant in
Atlanta, and Williams in Tulsa, selling off non-core
business.

and on the other hand:
Bush will be nominating two accounting executives for
senior positions at the SEC. Chairman Harvey Pitt is
looking for a complete makeover of the nation's
financial reporting and disclosure rules to make
financial information more current and easier for
investors to understand.

"White House officials said Bush plans to sign a bill
cutting fees paid to U.S. regulators for corporate
registrations, transactions and mergers by an
estimated $14 billion over the next decade...known as
the Capital Markets Fee Relief Act". Approved with no
debate in the Senate.



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