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Shocking revelations about the modus operandi continued to pour in. Public & media attention was initially focused on the company’s close ties with the political establishment & the policy-making bureaucracy. However, more details of Enron’s “business model†so successful until it crashed dramatically after October 2001, indicate that the Enron bubble was just an example of the manner in which speculative finance dominates business...
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However, more details of Enron’s “business model†so successful until it crashed dramatically after October 2001, indicate that the Enron bubble was just an example of the manner in which speculative finance dominates business.
In 1985, Enron started as a pipeline company selling gas. The deregulation of the energy and electricity markets, particularly since the 1990s, for which Enron was a leading campaigner, played a major role in determining its business model, which endeared it to Wall Street for more than a decade...
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