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IPFS News Link • Economy - Economics USA

Enron Accounting at Citigroup

10-19-2007 • MISH: Global Economic Analysis

After Enron collapsed, rules were put in place to prevent assets from being held off the books. Exclusions were made that allowed banks to violate the spirit of the law. With SIVs blowing up, attempts are now being made to hide the amounts at risk. T

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