The Rise and Fall of Enron - The Biggest Scandal in the History of American Finance

Next Enron is the US government 🤷🏻‍♂️

Love this

How do these people make money???

I continue to believe that Ken Lay faked his death.

I was LEO in California and was a traffic investigator assigned to working Fatal collisions or crashes that involved permanent life altering injuries when Enron and rolling blackout happened. I once watched an officer attempt to direct traffic at a blacked out intersection (SR-76 and Rancho Del Oro Drive in Oceanside, California) until he had to abandon it because it was too dangerous. Collision reconstruction people talk to one another. Thousands of traffic collisions occurred during the rolling blackouts and they definitely, absolutely resulted in death. The people that caused the rolling blackouts are responsible for fatal collisions that occurred during that time frame at those affected intersecting points of travel. You killed people.

It's never enough for those at the top. I've always said that Greed is the worst of all deadly sins.

I think the Enron will be Walt Disney company because of the woke problem Disney is facing right now

TRIBAL LAW.. cancer research.. karma is coming 🎉🎉🎉

Enron did use M2M accounting but shifted losses to shell companies that were off balance sheet. FYi, M2M accounting is NOT the practice of valuing financial assets at their FUTURE value. Its the accounting adjustment made on a periodic basis (eg daily, weekly, monthly average) to “mark” those financial assets to their respective secondary “market” (a stock market or clearing agent) where they can be immediately liquidated. Whether or not M2M adjustments result in gains or losses have a P/L impact would then depend on if hedge accounting is being used, and if so the respective transactions and notes to which those financial assets (or liabilities) are used as a hedge for. Some source and use cases include, amongst others, (1) using fx derivatives (futures forwards swaps options) to hedge USD volatility on a long term spot supply contract to a US company from an EU exporter (2) a property developer using interest rate derivatives to hedge against rising rates on their real estate loans

Looking forward to the sequel - Tesla

The Whammy- "I'd better file these important financial documents!"

Black Rock is the next Enron

Funny how most of these dodgy companies are American. Enron, Silicon Valley Bank, Theranos, Lehman Bros, Worldbank, Washington Mutual, the list goes on. Either American business leaders are crooks or they are just crap businessmen. I personally think they are crooks.

Wow, we all guess 'How It Happened' is a pro-Republican organization as they intentionally left out the significant role of the Republican party in this scandal.

Kenneth Lay tried to rent a yacht worth over $21K a day despite being $360k in debt.
The corporation was all a bunch of stupid thieves.

Still recall the rolling blackouts and the exorbitant prices for electricity when Enron gambled on hijacked utilities in California while they literally based payroll on guesswork.

I think I know what the next enron will be

Sounds trumpy to me. trump going to the bootayHouse

How it happened is that idiot americans think they are managers by firing people and creating competition between employees at work. They're idiots that think "oh survival of the fittest, competition in capitalism. You have to fire the weakest". But in reality you have to fire the weeds. Weeds are more dangerous dogs. A weed will choke everyone. A weed is like if you're a teacher and there is a cheater or group of cheaters in the class that are getting incredible grades. And like a dumbass teacher you're super excited about how awesome of a teacher you are and how smart your students are. And you start teaching faster and telling the other students that they should be more like them. and the real crop of students fails out and you add more cheaters. Until one day when you go to reap or sell the crop you find out that it's all weeds. And that's the story of how retarded america failed and got what it earned.

Or if you're coach of the Jimmy Johnson Miami Hurricane, and your team is crushing everyone, and you're telling everyone that you're a psychological genius. Then one day the wrong drug tester shows up and your whole team gets banned. It turns out that you had a crop full of weeds.

Weeds always grow faster than the crop. Idiots that are weeds themselves get super excited about money and fast growth, and start watering the weeds and actually killing the crop.

Debt is for losers.

big a

Love this video so short n concise including everything

Thanks! This was explained super well, the visuals helped a lot.

This hardly showed who is really behind how the debts really started to be depleted. Good old W. Bush!

But why did the external auditors and board fail to prevent Enron’s failure?

Thank you so much, this further explained for me the SOX Compliancy that took place during 2002! Simple and precise, very informative.

Not quite voted¥i'll leave 💅 ¥¥

It's already happening... because our peanut brained President Trump struck-down all those safeguards in 2017 and here we are in 2023 and 4 major banks have been gutted and several more heading that way. Trump was trying to "liberate the banks of unnecessary oversight", and boy did that work.... it's welcome back to the wild wild west on Wall Street, and hello recession for the rest of us...

This is why I don't trust companies nor corporate America

Whos here after the silicon Valley Bank?

It’s certainly a talking point these days.

Who is here after silicon valley bank

Came here after coffeezilla told Joe Rogan that FTX was worse than Enron.

i .member#

Adani is the next Enron

Is Adani the next one?

FBI CONNECT THE DOTS.

No diferente between Luma Rudy Madoff and Enron.

My ex wife’s father was one of many vp’s for Enron. He was a typical figure head who got the job through his successful father. The oldest was a massive success at Exxon mobile climbing to the top of the list. He got his son the Enron job I assume by connections.. His daughter is my ex wife. You all can connect the dots if you’d like. Also now my ex wife’s father, the former Enron vp, is tucked away in the woods on 5 acres near Austin. I would love to answer more questions but that really is almost all I know. Watch out who you trust with anything.

-Evan

common atrioc W

Couldn't understand what the scandal was ?

Who knew it would be FTX lol. Except in ftx case it was their clients and not their employees

Crypto!😂😂😂

Who is here after FTX fall

Ftx: hold my beer

FTX was the next one, after that Citadel....

Thank you Lavine Sir, for this video 📹

Makahula kung sino ako sendan kong 50 sa GCash

1. What are the ethical issues(ethical dilemma).
2. The breach of auditing principles.