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How Washington Abetted the Bank Job

Date: April 3, 2010

Authors: Prof. Susan P. Koniak Esq., Prof. George M. Cohen Esq., Prof. David A. Dana Esq. and Prof. Thomas "Tom" Ross Esq.

QUOTE: Mr. Bernanke said the Fed had known nothing about this....The collapse of Enron back in 2001 revealed that the biggest financial institutions, here and abroad, were busy creating products whose sole purpose was to help companies magically transform their debt into capital or revenue.

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Article MetaInformation:

Key People:

• Ben S. Bernanke Ph.D.

Key Organizations:

• Enron Corp.
• Federal Deposit Insurance Corporation, The (FDIC)
• Federal Reserve System (FED)
• JPMorgan Chase & Co.
• Lehman Brothers
• Merrill Lynch & Co.
• New York Times Company
• Office of Thrift Supervision (OTS)
• Treasury Department/Department of the Treasury
• U.S. Office of the Comptroller of the Currency (OCC)

Subject & Geographic Categories:

• Abstract Principles
  • Responsibility

• Businesses & Organizations
  • Accounting / Auditing
    • Accounting/Budgets: Big Organizations
  • Industry-Specific Issues
    • Banking/Lending
    • Securities (Wall Street)

• Government & Politics / History
  • Government (General)
    • Government Regulation

• North America
  • United States of America/USA

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