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The collapse of Enron: Did we learn the lessons?

Business Daily

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Wall Street's Metrical Cash Earnings Aren't the Same as the Big Frauds

A company that's probably not on the same list as the big frauds is calleda ant v a l e a nd t. The company was using a metrical cash earnings, something in excess of nine billion dollars. But if you compare that number of the five year period with the gapbase earnings, which was a negative three billion, they were actually losing money a hundred %. It just blew my mind. And now that's the state of where we are right now.

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