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Enron Trial
Is anyone else following this thing at all? I feel like I am the only one I know that is even somewhat interested. I read the Conspiracy of Fools by Eichenwald about Enron and now I am hooked. GET THIS BOOK for a great read. Its like a Dan Brown book but with real people.
Between Fastow and Skilling, Lay and the BoD I have never heard of such incompetency at this high a level in business. The CFO of the company has a side business with the company where is is the general partner and non-performing assets will be sold to that partnership and everything is backed up by the company stock, so no real risk. Everyone signed off on this too. In B school we were talking about how great their model was... While in fact, there actually wasn't a model. All "earnings" and no cash flow.
Fastow starts his testimony today, this should be interesting.
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Bill Smoak
What you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul!
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