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Non-Tech : The ENRON Scandal
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To: Karen Lawrence who wrote (54)1/13/2002 12:17:53 AM
From: Mephisto   of 5185
 
"The solutions are as obvious as they are unlikely to be met. The rule of thumb must be transparency, in
word as well as deed. On a technical level, accounting rules and disclosure requirements have to be
tightened up. Off-balance-sheet entities that create even the slightest contingent liabilities should be
incorporated into the company's publicly filed financial information. We must also move to a system of
real-time financial disclosures, with online access to the latest financial information. This is what SEC
policymakers and congressional investigators should concentrate on."
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If people lose faith in the stock markets they could pull their money out of the markets
which would mean that ENRON could be a blimp on the economy. Maybe?
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