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The Smartest Guys in the room
#1

Documentary about Enron, and how they robbed millions of dollars from Millions of people.

They created fake businesses to take on Enron's large amount of dept, they caused the California power outages, then made huge profits selling the much needed electicity for outrageous prices.

CEO's and executives made million dollars in bonuses for making budgets, that didn't exhist....
<!-- m --><a class="postlink" href="http://www.chron.com/content/chronicle/special/01/enron/comp3.html">http://www.chron.com/content/chronicle/ ... comp3.html</a><!-- m -->

Take a look at this next time your in the video store..

And here's the weblog of the trial, Today one of the top exec's takes the stand.

<!-- m --><a class="postlink" href="http://blogs.chron.com/enrontrialwatch/">http://blogs.chron.com/enrontrialwatch/</a><!-- m -->
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#2

Here you go. Enron in a nushell:

Quote:Traditional Capitalism: You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.

Enron Capitalism: You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. Sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.
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#3

Best documentary of the year in my opinion. It's not often you walk out of a theatre angry. It's absolutely disgusting what those douchebags got away with.
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#4

As a business student i'm interested in renting. Last weekend I tried, but the girlfriend he does not share the same interests in movies as I do
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#5

...the girlfriend HE.....hmmm...freudian slip perhaps Tongue

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