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Revisiting Enron with David Z. Morris
Crypto Critics' Corner
Enron's Mark to Market Accounting
Mark to Market is a style of accounting that it's still used today. The way Enron was doing it, and I'll try to play it now,Enron did a skit saying we can book as many profits as we want to. It's just this idea that you're betting on the future. And anybody with half a brain knows that the energy market 10 years from now is not going to be the same as it is right now.
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