On 9/4/07, sartesian <[EMAIL PROTECTED]> wrote: > Sounds a little bit like Enron, no? Or even ImClone.
Oh there is hardly anything unique or special about the financial and accounting shenanigans at Enron. If only they stopped pretending to be an energy company and openly admitted what they were really doing - running a leveraged hedge fund that depended on milking its marked-to-model future cash-flows and investment-grade credit rating for all it was worth just like so many on Wall St do today, they may yet have survived and prospered. Or maybe they were just a few years ahead of their time.. -raghu.
