A lot of people overlooked this, but Thursday Enron emerged from 11. Pretty big deal huh? Not really. They only have one asset worth anything left and most people lost everything.
A fellow contributor to Amendment Nine though says there may be a hidden story here... favoritism at the SEC.
With Fannie Mae in accounting trouble, and a list of big misses in the last few years: Adelphia, Tyco, Worldcom, etc., the exit of the Enron is a good time to reflect on how the SEC keeps overlooking big inconsistencies.
The story is here:
http://amendmentnine.blogspot.com/2004/11/enron.html
Read and discuss.