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Non-Tech : The ENRON Scandal
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To: JBTFD who wrote (1929)1/30/2002 10:03:40 PM
From: PartyTime  Read Replies (2) of 5185
 
Partnoy was right on the mark. And thank you, Mark, for presenting that very informative post.

Indeed such set-up transactions are legal and happen all the time. But I suppose I should clarify my question. If seasoned investors know that anything set up in the Caymens should raise a red flag, certainly so should top executives? Someone at Enron, certainly at Anderson, should have picked up on this. So: Who thought up the idea, who let it happen and why?

I guess it all goes back to my baseball metaphor where we see the great base stealer and his coach who doesn't have to give a signal, knowing the runner his gonna steal the base anyway.
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