President Barack Obama confers with Federal Reserve Chairman Ben Bernanke following their meeting at the White House. (Photo credit: Wikipedia)
The link below is to the A.D. 2005 documentary entitled “The Smartest Guys in the Room”. It’s the story of the Enron collapse that took place in A.D. 2001.
According to the documentary’s introduction,
“It had taken Enron 16 years to go from about $10 billion in assets to $65 billion in assets. It took them 24 days to go bankrupt.
“This company collapsed so quickly and so entirely . . . I mean it was into bankruptcy within a matter of weeks.”
Enron’s collapse was, for a corporation, figuratively similar to the “catastrophic failure” of a jet aircraft whose wing suddenly snaps off while in flight. The real causes of such catastrophic failure can build unseen for years as hairline fractures in the wing’s structure slowly grow. But a point is finally reached when the wing can’t take more stress and suddenly snaps, causing the plane to suffer an uncontrollable crash dive.
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