(no subject)

[randomness]

Enron (remember them? some Texas energy company?) went down with around $60 billion. Nowadays, one guy can make that kind of money go away all by himself. (Well, Madoff says he acted alone, but then again I don't know that we should trust his word on that any more than any other point.)

I know there's been inflation, and I know these numbers are anything but exact. But isn't it funny how the numbers around Enron, which looked enormous back then, now look quaint in comparison?

Comments

Madoff TOTALLY did not do that alone

[drwex]

He had at least two levels of accomplices - the ones who worked with him inside his company, and the "feeder" level who took peoples' money and funneled it to him, often without their knowing where the money was going.

All of those bastards should fall.

[achinhibitor.livejournal.com]

The amount of money sloshing around is growing rapidly, which makes bigger and bigger scams easier. Which leads into a rant about how we've passed out of the "industrial" or "capitalist" phase of society, since investable money is no longer the limiting resource in economic production.