View Full Version : Enron
Red_Polo
10-10-06, 03:57 PM
Saw 'Enron: The Smartest Guys In The Room' IMDb Linky (http://uk.imdb.com/title/tt0413845/) yesterday, and realised for the first time the sheer scale of it. Fraud on an absolutely massive scale, with people at a number of very well respected banks complicit, along with a lot of people at Enron itself.
Their fraud saw almost 30,000 people out of a job, and lost billions in pensions. Some of the fraudsters left with many millions tucked away. Sickening how easy it was for them to do this, and get away with it for so long.
Enron also had a longstanding relationship with the Bush family and gave massive donations to Dubya.
Wikipedia Linky (http://en.wikipedia.org/wiki/Enron)
Yes just about as corrupt as it gets, and the senior execs were friends of GW and his neocon thieving bastard hypocrite republicans
Red_Polo
10-10-06, 04:11 PM
Yes just about as corrupt as it gets, and the senior execs were friends of GW and his neocon thieving bastard hypocrite republicans
Don't hold back fella... :D
Neil Young
10-10-06, 04:22 PM
Yes just about as corrupt as it gets, and the senior execs were friends of GW and his neocon thieving bastard hypocrite republicans
Don't hold back fella... :D
Some would say he let them off lightly. :D
Some would say he let them off lightly. :D
I ahve to attempt to show a balanced professional judgement about such matters. It wouldn't do for an Accountant with an MBA to say how obscene it was for the Enron traders to hold California to ransom over energy supplies, nor would it be right to say how wrong the US regulatory authorities were to ignore the repeated warnings about what was going on in Enron.
No, I think on Balance I was right to call them as I did.
Neil Young
10-10-06, 04:58 PM
I ahve to attempt to show a balanced professional judgement about such matters. It wouldn't do for an Accountant with an MBA to say how obscene it was for the Enron traders to hold California to ransom over energy supplies, nor would it be right to say how wrong the US regulatory authorities were to ignore the repeated warnings about what was going on in Enron.
No, I think on Balance I was right to call them as I did.
:D OK, but I was talking about the neocons.
So was I neill!
:handshake:
Wasn't one of the chief execs jailed recently for a few years?
I.E. not much for the crime.
Kenneth Lay - the CEO I think. Some senior people got away with their knuckles being rapped as they effectively turned states evidence. However the people who lost their pensions and life savings got nothing at all. There's neocon justice for you.
Didn't Kenneth Lay die this year before the trial was complete?
spud_gun
10-10-06, 09:47 PM
Didn't Kenneth Lay die this year before the trial was complete?
No. He;s still alive.
No. He;s still alive.
Somebody better tell his wife then :D
Lay and Skilling were indicted for securities and wire fraud in July 2004, leading to a highly-publicized trial in which Lay was convicted on all six counts and Skilling on 19 of 28 counts on May 25, 2006. On July 5, 2006, Lay died at age 64 while vacationing in Aspen, Colorado, after suffering an apparent massive heart attack on July 4. He was due to be sentenced on October 23, 2006.
Somebody better tell his wife then :D
Lay and Skilling were indicted for securities and wire fraud in July 2004, leading to a highly-publicized trial in which Lay was convicted on all six counts and Skilling on 19 of 28 counts on May 25, 2006. On July 5, 2006, Lay died at age 64 while vacationing in Aspen, Colorado, after suffering an apparent massive heart attack on July 4. He was due to be sentenced on October 23, 2006.
Correct, Skilling was the former finance director and CEO who I belive spilled the ebans to attempt to save himself. He was apparentky instrumenetal in developing the convoluted corporate structure that aided the Fraud and deception to grow to the size it did when Enron came crashing down.
vBulletin® v3.8.7, Copyright ©2000-2012, vBulletin Solutions, Inc.