James Baker says he intends to invest in TXU deal

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http://www.star-telegram.com/100/story/64946.html

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Former Secretary of State James Baker III said he intends to invest in the buyout of TXU Corp. by a group led by two big investment firms should the deal be completed.

Baker, who has been serving as senior advisor to the investors, told a group of Star-Telegram editors and reporters Wednesday morning that his law firm, Houston-based Baker & Botts, also is providing services to the buyout group.

“I will be an investor if the deal goes. My firm will have a role. That’s why I agreed to be chairman of the advisory board,” Baker said.
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1. I should have known these clowns had their sticky fingers in

deregulation. Not only did it NOT lower electric rates as promised, they are 3-4 times higher than they were previously.

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2. Pigs must be flying -- I agree with Joe Barton n/t