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by lizknope 1307 days ago
Look at the title again. This is the guy who cleaned up Enron and he is calling it "unprecedented" and says "never in my career have I seen such a complete failure..."

This is not typical language. John Ray III is a serious person.

1 comments

The key are words like "unsophisticated". Enron was sophisticated, well documented, audited and done with Wall Street firms signing on. They could point to where every dollar had gone. It was an immense fraud, but no one was "unsophisticated".