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AI Stocks Just Tanked. Why Is Wall Street Talking About Enron?
Go to groundnews.com/skinny for a better way to stay informed. Subscribe through our link for 40% off unlimited access to world-wide coverage. 0:00 Why Enron matters for the AI conversation right now 5:00 Origins: the gas bank, Lay, Skilling, and Fastow 9:00 Mark-to-market accounting and booking 20 years of profit on day one 13:00 Growth targets, exec comp, and regulated vs deregulated energy 15:00 SPEs, the 3% rule, and Fastow's LJM 19:00 Circular earnings: the dark fiber swap and disguised loans 24:00 Earnings games, leverage ratios, and why cash flow matters 28:00 Every deal was a stinker…
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