brerrabbit
Sixth Generation Native Texan
- Joined
- May 12, 2000
- Messages
- 2,609
Okay I have an interest because I worked there for seven years and still owned 2,600 shares when the went belly up. But even for the not effected you have to admit that this thing has some very interesting moments. Ex CEO Ken Lay has boiled the whole thing down to this, Enron failed because of evil short selling vultures who all conspired together, the Wall Street Journal for doing their job and reporting the news, and Andy Fastow who was a crook. Then today the prosecution asks Lay the question, "Is your son Mark a vulture?" Turns out he was selling Enron short during 2001 as they were screaming towards bankruptcy.
http://blogs.chron.com/lorensteffy/
http://blogs.chron.com/lorensteffy/