The accounting frauds that Enron engaged in are now the industry standard in the US.
Enron was the test-run for ‘structured finance’. Not only is Enron NOT considered a failure in the finance world, it’s considered one of its greatest success stories.
They’ve replicated that success with our entire economy. It only took a matter of months after Bush’s inaguration to get all these ducks in a row for Wall Street, they had their boy in office and they knew he was going to let the regulatory agencies preventing these frauds die from atrophy.
Now, we live with the consequences.
Who is “they”?