Last updated on November 20th, 2015
– well not exactly – yet! But I’ll let you know soon.
Today’s news that Key finance firms will be ‘probed by FBI’ should be a bit of a pointer.
If you take the opinion, as I do, that the difference between swindling and incompetence with regard to the actions of professional people within their own profession – is zero, then the Enron Corporation’s actions and the actions of the big financial institutions behind the present financial collapse, can be seen as the same.
In Enron’s case, much of the investigative documentation was lost in the collapse of Tower 7 on 9 September, 2001. This is why so few individuals have made it to court.
So wherever the FBI decide to keep their papers when they’ve trawled through the heavily obfuscated accounts of Fannie Mae, Freddie Mac, Lehmans etc etc zzzzzz
– well that’s where the next big “terrorist” event will occur. And I can predict only six people will ever get locked up. If that.