Alright cryptofaggots give me one good reason Enron deserved to go under.
Pro-tip you can't they just got screwed by butt hurt utilities and competitors
Enron did nothing wrong
Robert Walker
Robert Reed
how many fuckcoins do i need to fuck dis?
Jacob Rivera
>Fell due to fraud claims
Poor managment
Parker Reyes
fuckin idiot their management revolutionized energy trading
Robert Peterson
>Oh shit, I accidentally frauding. Wat do?
Revolutionary.
Adrian Myers
Give me one example of fraud. One
Aaron Rogers
Google is one step away my child.
Parker Perry
Because they marked their projects' value before they were even built. For example, CEO says "lets start a factory in India", CFO immediately goes and writes a $100m asset on the books.
Yeah, they got done because other people were butthurt and not because they were huge frauds.
People like them should have to wear a tattoo on their forehead and general members of the public should spit on them.
Easton Torres
Oh yeah, you deserve to be spit on as well OP.
Leo Jones
>insider trading
>systematic accounting fraud leading to the 3rd largest Chapter 11 ever
>used bookkeeping oogabooga to hide most of their losses
>stock went from blue chip to pennies in under a year
You're either 18ish or willfully dumb. Enron's idiocy is well documented.
Andrew Jones
Mark to market is different than fraud dipshit
Sebastian Adams
Owen Evans
Holy shit investopedia I'm fuckin blown away lol
James Smith
...
Brayden Lewis
>Durr investopedia!!11
I linked CNN too, faggot.
Gavin White
Insider trading huh? Did they ask California for advice before they fucked them by sending too much power? I bet not. Insider trading Jesus wtf do you even mean
Justin Harris
I'm not spoon feeding you. You're either shitposting or a moron.
If you don't even know what insider trading is, you shouldn't be on Veeky Forums.
Jaxson Bailey
I bet you don't even know what bandwidth trading is cryptokike
Elijah Reyes
I'm asking for an actual example. They gamed the system to be sure, but not insider trading
Anthony Young
If you Google 'enron insider trading,' you'll have all 1.1 billion examples you want. I'm not doing your Econ 101 assignment for you.
I do, it's a practice that's basically dead thanks to Enron.
Sebastian Moore
>shares are sold over the course of three years
>got out at a good time
>best traders in the business trade their own shares well surprise
Asher Morgan
>le greed is good you should watch Wall Street xdd
Easton Brooks
>Trusting inside trading
>What is 2008?
Tyler Cruz
Literally nothing to do with insider trading. CDO's are a thing
Christian Thompson
Inb4 "Muh Source"
Nicholas Brooks
First of all, esquire, second of all that's the way the game is played, not insider trading. I get that this might be a bit difficult for a journalist who never talks about economics except for this one article, and apparently you, to understand, but people acting in their own interest within legality is not insider trading
Ryder Kelly
I don't care whether or not they did anything wrong - the fact that they ended up in jail means almost by default that they failed to consider certain risks in their investments and are therefore bad investors.
Brody Green
admittedly good timing
Colton Gutierrez
It has a citation to a study faggot. You didn't read the article, you just did the "muh source" because you have no good argument.
Elijah Cooper
I'm willing to agree with that
Logan Myers
a study lol. did you even read the study? What's in there that's so incriminating?
Jaxon Gray
>cooking the books
>artificial price gouging of the 4th largest economy in the world
Bentley Cox
>Pro-tip you can't.
lol.
Nathan James
They needed better management, otherwise they'd still be around. Should've took a page or two out of Bob "I fixed AIG" Benmosche's book.
Joseph Smith
They are bad investors. End of story.
Charles Fisher
Okay so what point are you even trying to make?
David Gomez
>outright lied about the health of their business while shilling the stock at ~$130 that they were themselves selling for ~$90 because they knew it was fucking failing
James Gray
>Consistent with political connections providing corporate insiders with an information advantage, we find strong evidence of a relation between political connections and the informativeness of their trades. Consistent with this relation stemming from private information related to government intervention, we find the relation is strongest during the period in which TARP funds were dispersed, and strongest among politically connected insiders at banks that received TARP funds.