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| Google Enron energy debacle and compare to U. S. Situation
1.Enron started using aggressive trading as there situation worsened(Who is regulating Feds?)
2.Enron started writing up unrealized gains. (Feds printing press is on fire from over heating)
3. Enron started using special purpose entities(SPE's) to dump troubled assets(U. S. Bond market)
Enron higher ups went to prison!
Sometimes you have to let the free market do what it takes to straighten itself out and clean itself like a beach after a storm, even if it means sitting on a 5 gallon bucket for a while. I am cleaning up and getting ready my 5 gallon buckets because I think they will be needed to sit on for a good long while.
Edited by tex 5/23/2020 22:27
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How does U.S. financial situation differ from Enron debacle
