some said this would not happen

Discussion in 'Your Bloody Soap Box' started by Hypnospin, May 25, 2006.

  1. Hypnospin

    Hypnospin New Member

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  2. Carrera

    Carrera New Member

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    Rumour has it Bush will be appearing on Big Brother here in the U.K. and Wurm will be one of his fellow house-mates. :p

     
  3. limerickman

    limerickman Moderator

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    Yeah, the Enron chickens have come home to roost.
    Lay and Skilling have been found guilty and well done the jury.

    The fact of the matter is that only a complex fraud such as this could have been perpetrated in co=operation with the people in charge ar Enron - namely Lay and Skilling (and Fastow).

    Essentially they created "off-balance" sheet statutory entities in which to hide losses incurred in the main ENRON company.
    Very complicated stuff and very devious too because one cannot carry out such a fraud with the active participation of the senior people.
    Good old US GAAP was found wanting.

    Of course, Lay and co were based in Houston and they also contributed to Bush's election campaign.
     
  4. Wurm

    Wurm New Member

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    I'm confident that more will surface about Chimpenfuhrer and "Kenny Boy". Now he gets to try his nickname behind bars as somebody's bitch. :)

    It is justice long delayed.
     
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