Monthly Archives: June 2010
Lea Fastow and Blackstone’s Ratio
Perhaps you are familiar with Blackstone’s ratio, the principle that that “it is better ten guilty persons escape than that one innocent suffer”. Other great minds have uttered similar statements and it is consecrated in our culture as a fundamental … Continue reading
Filed under Enron, Enron Task Force
John Kroger Is Disappointing His Coworkers
This OregonLive article reveals that John Kroger’s leadership skills as AG in Oregon are less that sterling. But now, his own staff was giving him low marks. “The front office is more interested in good publicity than quality of legal … Continue reading
Filed under Enron Task Force
Googlelicious: Searching The Enron Task Force
I am pleased that I’m on the front page of several of the ETF’s google results. It warms my cold, cold heart. Or it would if I had a heart. I have to say I’m more than a little amused … Continue reading
Filed under Enron Task Force
Guilty: The Enron Task Force’s Underhanded Methodology For Securing Convictions
Starting with the Skilling / Lay trial, the ETF preferred to group defendants together, creating a Prisoner’s dilemma, a game theory problem that demonstrates why two people might not cooperate even if it’s in their best interest to do so. … Continue reading
Filed under Enron Task Force
Krogerwatch
A few days ago I posted a note that I received from someone asking about John Kroger. Victoria Taft is the author of said note and she’s not happy with Kroger. Her blog is mostly political, but it is nice … Continue reading
Filed under Enron Task Force
Sherron Watkins Weighs In On Skilling’s Supreme Court Decision
Oh, it’s like a kiss from Jesus! Insider trader and perennial whistleblower/victim Sherron Watkins has emerged from obscurity once again to give us her opinion of Jeff Skilling’s Supreme Court win. I know, I know. If you’re anything like me, … Continue reading
Filed under Enron
Enron’s Gas Bank
Jeffrey Skilling was a thirty-six year old consultant at McKinsey & Co., making six figures and on his way somewhere in life. While at McKinsey, incidentally, he would get to know Rex Shelby and numerous other future Enron folks. But … Continue reading
Filed under Enron
Three Percent
One of the repeated complaints I hear about LJM and other special-purpose vehicles is that only three percent of liquidity came from other investors for the investment to conform to GAAP and be legitimately separate from Enron. This always amazes … Continue reading
Filed under Enron
Enron’s 1999 Annual Report
EnronAnnualReport1999 Sidebar: This image of Ken Rice and Joe Hirko was snatched from the Broadband section. One word: A-fucking-dorable.
Filed under Enron
John Kroger As Attorney General: Tyrant Untethered
I received an email a few days ago (which I still need to respond to!) about John Kroger, former Enron Task Force prosecutor and current Portland Attorney General. I think the author is discovering what I learned when Kroger indicted … Continue reading
Filed under Enron Task Force
Andy Fastow Moved Again
Andy Fastow was moved (again) from Colorado to Louisiana. I don’t know why yet. I’m curious about the move because according to his original timeline, he would have been moved to a halfway house by now. Since he was taken … Continue reading
Filed under Enron
