The Donald in Wonderland

[douglas9]

Once upon a time, there was a little-known energy company called Enron. In its 16-year life, it went from being dubbed America’s most innovative company by Fortune Magazine to being the poster child of American corporate deceit. Using a classic recipe for book-cooking, Enron ended up in bankruptcy with jail time for those involved. Its shareholders lost $74 billionin the four years leading up to its bankruptcy in 2001.

A decade ago, the flameout of my former employer, Lehman Brothers, the global financial firm, proved far more devastating, contributing as it did to a series of events that ignited a global financial meltdown. Americans lost an estimated $12.8 trillion in the havoc.

Despite the differing scales of those disasters, there was a common thread: both companies used financial tricks to make themselves appear so much healthier than they actually were. They both faked the numbers, thanks to off-the-books or offshore mechanisms and eluded investigations… until they collapsed.

Now, here’s a question for you as we head for the November midterm elections, sure to be seen as a referendum on the president: Could Donald Trump be a one-man version of either Enron or Lehman Brothers, someone who cooked “the books” until he implodes?


https://consortiumnews.com/2018/09/17/the-donald-in-wonderland/

[ariadne0614]

1. It should be said that Nomi Prins wrote the original article.

When I see her name, I pay attention. Thanks for posting.

[BeckyDem]

2. Recommend.

[lagomorph777]

3. Book-cooking example: tax cut for billionaires, an IRS loan for everybody else...

...payable after the midterms. When the Trumpies finally see their tax returns and figure out what everybody else already knew, that whole 2nd Amendment fanaticism thing is going to seem like a bad idea.