Wednesday, December 28, 2005

Enron: Time to Butter More Popcorn

Now the fun can really begin. The Feds flipped Richard Causey, Enron's top accountant, to testify against Kenny Boy Lay and Jeffrey Skilling. Combined with CFO Andrew Fastow's testimony, Kenny Boy and Jeff may be in a world of shit. What's been revealed so far publicly is a morass of illegal, or at best quasi-legal, manipulations to inflate Enron's value and remove tax liabilities. With two of the top financial insiders and executors in the bag, a lot of really good (well, bad for Enron, Lay, et al) stuff should come out. Pull up the Wall Street Journal and enjoy!

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