Monday, January 11, 2010

Enron * 123

Last week I wrote about what goes up must come down and giving Enron and WorldCom as examples. I found a nice article by Jeff Clark, comparing last years bankruptcies and financial plunders to Enron under this title "Biggest Financial Deception of the Decade". If you look at the numbers and how they compare to Enron and WorldCom it becomes easier to understand the magnitude of the problems every dollar owner around the world is facing. US bailout funds in 2008 and 2009 total $8.1 trillion. That's almost 78 WorldComs. It's over 123 Enrons. And expect more in 2010.

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