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Posts tagged Enron

Oil Spills, Shadow Banking, Sham Acco...

Oil Spills, Shadow Banking, Sham Accounting, and The Powers
I am sure that I am not the first to observe this, but a rather disturbing pattern is emerging out of the various crises that have dominated our nation’s agenda during last few months. Here is how the pattern operates: First, a particular sector of the economy generates a public crisis. People panic. Legislators, keen on satisfying the [...]