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No, Enron did not invent much of anything except a corporate culture of financial gimmickry to try to get something for nothing ... off the balance sheet transactions, structured investment vehicles ... the hard part is either getting a regulator to sign off on it or getting some pollie to take the regulator out of the game.

And of course that invention was only a re-invention of something invented countless times before.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Oct 10th, 2008 at 01:18:39 PM EST
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