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Enron - The Smartest Guys in the Room (2005)

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First published at 16:52 UTC on March 3rd, 2019.

#enron
#bankruptcy
#fraud

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Reposted due to playback issues
https://www.bitchute.com/video/tmgI5ynMr9Hk/

Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically. The emphasis is on human drama, from suicide to 20,000 …

Reposted due to playback issues
https://www.bitchute.com/video/tmgI5ynMr9Hk/

Enron dives from the seventh largest US company to bankruptcy in less than a year in this tale told chronologically. The emphasis is on human drama, from suicide to 20,000 people sacked: the personalities of Ken Lay (with Falwellesque rectitude), Jeff Skilling (he of big ideas), Lou Pai (gone with $250 M), and Andy Fastow (the dark prince) dominate. Along the way, we watch Enron game California's deregulated electricity market, get a free pass from Arthur Andersen (which okays the dubious mark-to-market accounting), use greed to manipulate banks and brokerages (Merrill Lynch fires the analyst who questions Enron's rise), and hear from both Presidents Bush what great guys these are.

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