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Topic: Book Reports
Number of pages / Number of words: 19 / 5069
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Certainly to equate Enron's disaster to a private individual living off his or her credit cards or to a simple pyramid scheme or even to the mechanics of an uncomplicated historic market bubble would be to grossly oversimplify the issue. Enron was not a banal investment scheme, it was a strategic company, tightly linked to the US government and to the US energy policy (or lack thereof); a company that was extremely active in the domestic politics of the United States, in the political finance of the country's two major parties, a company that was an unhesitant player in foreign markets and a bold participant in the international energy politics...


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Certainly to equate Enron's disaster to a private individual living off his or her credit cards or to a simple pyramid scheme or even to the mechanics of an uncomplicated historic market bubble would be to grossly oversimplify the issue. Enron was not a banal investment scheme, it was a strategic company, tightly linked to the US government and to the US energy policy (or lack thereof); a company that was extremely active in the domestic politics of the United States, in the political finance of the country's two major parties, a company that was an unhesitant player in foreign markets and a bold participant in the international energy politics...


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