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Old 04-24-2010, 01:35 PM   #86
flere-imsaho
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Join Date: Sep 2004
Location: Chicagoland
OK, first of all let's not forget that Enron went into bankruptcy primarily because people in the industry, and the financial press, started asking questions about their ridiculous results, which led to more scrutiny and thus less creative accounting, and once the creative accounting was gone, the house of cards fell and the SEC finally took action after the market had spoken and sent Enron towards bankruptcy.

Even at this point Enron executives were regular members of Dick Cheney's energy task force and high-level executives were very close to the White House.

Having said that, I don't think you can blame Enron on Bush or Clinton. It goes back to the culture of deregulation started under Reagan and aggressively pursued by Alan Greenspan and Congressional Republicans.
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