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It's questionable as to whether they ever had any profits to speak of.....if it was all creative writing, then litle things like EPS and cash flow are meaingless..no basis whatsover to evaluate..

This is very interesting because the CEO of the company I work for came from Enron before he came to our company just a few years ago. I am not positively sure if he was CEO at Enron or President of a division of Enron, but I suspect the latter. I have wondered what this guy has been up to since he's been with us. He has made a lot of changes with our company, some good, some bad.

What is even more scary is that one year ago, I interviewed for a job at a new Enron gas turbine peaking plant near where I live. I owe it to the interviewer for advising me to stay where I was and not come to work for them, even though I was offered the job.

They booked the profits, through asset sales, but they didn't generate cash.All the profits did was aid in inflating more assets and levering things up more.I'm not suprised a bank wouldn't inquire too closely at the books of Enron, as they were doing tons of biz and they probably had a hands off, arrogant attitude as well.Same as what befell the Reichmans and Olympia and York back in 1992.