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By the way, here is a nice link regarding Layton's Enron e-mails.
Jun 21 23:49 pm
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All Comments by Educated Investor »Metrics, Mortgages and Analysts [View article]
http:// thestreet.com/story/10......
This more detail-coverage article shows that Layton DID his job. After all he is the "fourth highest-ranking executive at J.P. Morgan." Do you think he was in on making these oil and gas deals? No he has an administrative position and his responsibility is to tell the people working under him on the oil and gas deals to do things right! That is just what he did.
In 1999, his e-mails say he felt "queasy" and because of that he "sent ... e-mails to a number of bank officials and asked them to look into the deals and 'MAKE SURE THEY ARE DONE RIGHT.' [emphasis added]"
Layton didn't just send ONE e-mail to ONE bank official. He sent a NUMBER of e-mails to a NUMBER of bank officials. He did what he should do to get the transactions DONE RIGHT.
I am so glad that you encouraged me to do the research on this. It has been informative.