Sunday, February 12, 2006

Could Another Enron Happen?

The Seattle Times reports:
Four years after the collapse of Enron spurred the most sweeping revisions in business regulation since the Great Depression, experts warn that the ingredients for a similar financial disaster remain.

Despite new laws and regulations, companies still face enormous pressure to meet short-term financial goals, creating a powerful motive for accounting fraud.
Could another Enron happen again? Yes it's called Fannie Mae.To big too be delisted on the NYSE.