Enronomics

The study of the accounting practices and legislative influences of Enron and the direct effect it had on our financial institution.

(i.e. mark to market accounting, & the deregulation of energy)

Me to SitiBanc: Well I have on my mark to market accounts a profit of a million dollars, so I would like to apply for a loan, I need - oh, gosh, okay, 1.5 million will work for right now.

SitiBanc: Okay so mark to market - I haven't heard that accounting terms since Key Lay came in asking for 1 billion dollars...

Me to SitiBanc: Yes, I am familiar with Enronomics.

by Jessica Siewert June 11, 2008