[habs4ever]

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.

[ken5050]

Correct..banks book a loan origination/syndicate fee...that's their profit..they sell off the loan in pieces.....

[ken5050]

Don't forget Billy Sol Estes..now there's a name from the past