In Conversation with Former Enron CFO Andy Fastow Part One

In Conversation with Former Enron CFO Andy Fastow Part One

Release Date: 07/29/2024

Description: For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.comYou can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/More on Will Page at: https://pivotaleconomics.comIn this 100th episode of Bubble Trouble, hosts Richard Kramer and Will Page discuss the inner workings of business and financial markets, shedding light on their truths via conversations with their guest, former CFO of Enron, Andy Fastow. They discuss the key factors that led to the downfall of Enron, including the exploitation of accounting 'loopholes' and the destructive impact of mark-to-market accounting and how it leads companies into a risk-laden gray area of business. They also cover the issues surrounding operating leases, addressing the ethical debate of 'genius' vs 'evil'. Furthermore, they delve into insightful examples of business mishaps and financial irregularities including the collapse of the Silicon Valley Bank. Fastow expresses his regret and responsibility for Enron's downfall, highlighting the difference between technically following the accounting rules and creating misleading financial impressions of a company. [Repeat from November 2023]0:00 BT 100 In Conversation with Former Enron CFO Andy Fastow Part One00:02 Introduction00:02 Introduction and Overview of Bubble Trouble00:15 Reflecting on Past Episodes and Topics00:41 Unpacking the Enron Scandal01:23 Part One01:25 Interview with Andy Fastow, Former CFO of Enron08:33 Understanding the Role of Auditors and Attorneys10:59 Exploring the Concept of Loopholes13:46 The Reality of Operating in the Gray Area25:46 The Distinction Between Different Types of Fraud27:19 The Conflict of Interest in Financial Analysis28:53 Part Two28:53 Continuation of Conversation with Andy Fastow30:43 Enron's Acquisition and Financing Strategy31:14 The Use of Operating Leases in Enron32:46 The Legal Hurdles and Creative Solutions35:56 The Impact of Financial Innovation38:11 The Dangers of Mark to Market Accounting41:53 The Role of Incentives in Financial Reporting46:56 The Case of Silicon Valley Bank53:42 The Role of Analysts and Banks in Financial Misrepresentation54:54 Closing Remarks and Preview of Part Two55:31 Credits Hosted on Acast. See acast.com/privacy for more information.

Explicit: No

Weekend Update - Very Inconvenient Facts 7/8

Release Date: 07/08/2023

Description: Rep Crago wrote an op-ed in the Wyoming Tribune Eagle about "Inconvenient Truths."  What is inconvenient about it is he left out a few facts about his own voting record.  He and the Redcoats could have fixed property taxes anytime they wished and they didn't do it.  Rep John Bear joins me to discuss it.

Explicit: No

In Conversation with Former Enron CFO Andy Fastow Part One

Release Date: 11/27/2023

Description: This week we take you back to one of the biggest bubble bursting in living memory, Enron, which went from Americas 7th largest company to bankrupt within a year at the turn of the millennium. How many booms, busts, frauds and financial irregularities have we witnessed since? Now, 100 episodes in, we get to sit down and LEARN from Andy Fastow, the former CFO of Enron. We’ve wanted this guest on the pod since, well, before the podcast began - buckle up for a conversation about what happened that fateful year, why it's continued to happen since and where and how, not if, the same will happen again.For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.comYou can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/More on Will Page at: https://pivotaleconomics.com(Times below correspond to the episode without considering any inserted advertisements.)In this 100th episode of Bubble Trouble, hosts Richard Kramer and Will Page discuss the inner workings of business and financial markets, shedding light on their truths via conversations with their guest, former CFO of Enron, Andy Fastow. They discuss the key factors that led to the downfall of Enron, including the exploitation of accounting 'loopholes' and the destructive impact of mark-to-market accounting and how it leads companies into a risk-laden gray area of business. They also cover the issues surrounding operating leases, addressing the ethical debate of 'genius' vs 'evil'. Furthermore, they delve into insightful examples of business mishaps and financial irregularities including the collapse of the Silicon Valley Bank. Fastow expresses his regret and responsibility for Enron's downfall, highlighting the difference between technically following the accounting rules and creating misleading financial impressions of a company.0:00 BT 100 In Conversation with Former Enron CFO Andy Fastow Part One00:02 Introduction00:02 Introduction and Overview of Bubble Trouble00:15 Reflecting on Past Episodes and Topics00:41 Unpacking the Enron Scandal01:23 Part One01:25 Interview with Andy Fastow, Former CFO of Enron08:33 Understanding the Role of Auditors and Attorneys10:59 Exploring the Concept of Loopholes13:46 The Reality of Operating in the Gray Area25:46 The Distinction Between Different Types of Fraud27:19 The Conflict of Interest in Financial Analysis28:53 Part Two28:53 Continuation of Conversation with Andy Fastow30:43 Enron's Acquisition and Financing Strategy31:14 The Use of Operating Leases in Enron32:46 The Legal Hurdles and Creative Solutions35:56 The Impact of Financial Innovation38:11 The Dangers of Mark to Market Accounting41:53 The Role of Incentives in Financial Reporting46:56 The Case of Silicon Valley Bank53:42 The Role of Analysts and Banks in Financial Misrepresentation54:54 Closing Remarks and Preview of Part Two55:31 Credits Hosted on Acast. See acast.com/privacy for more information.

Explicit: No

Metaverse Perceptions versus Reality

Release Date: 08/01/2022

Description: This week we're gonna blow the halftime whistle on our travels into the metaverse on Bubble Trouble. Today Will quizes Richard: Is the metaverse the next big thing? Or are we back in bubble trouble? What's the perception and where's the reality. If Richard was at a casino sitting behind Zuckerberg, watching him put all his chips on metaverse, would Richard be leaning over and moving his arm in the same direction--or would he be thinking that this isn't gonna work out well?We’d really appreciate if you could take just a few minutes to fill out our listener survey. Please visit survey.prx.org/bubble to give feedback on the show. Thanks! Hosted on Acast. See acast.com/privacy for more information.

Explicit: No

Bulls and Bears Show

Release Date: 04/07/2021

Authors: KTAR

Description: The Bulls and Bears Show hosted by Aaron and Nigel pulls back the curtain on how the financial markets really work. Trading for income, or investing for your wealth are key topics. Learn the skills to trade with the big institutions during up and down markets. Discover strategies about Futures trading, Forex trading, Options trading, and Stock trading. See what it takes to change your life utilizing the Financial Markets.

Explicit: No

Project Business Basics

Release Date: 08/13/2020

Authors: Archit Junnarkar

Description: Explore how global financial markets work, commonly used strategies in the stock market, and fundamental accounting methods.

Explicit: No

The Next Generation Podcast

Release Date: 09/24/2020

Authors: Ty Milner

Description: Each week we analyze business concepts, financial markets, leadership skills and general business know how to make you The Next Generation of Business Leaders.

Explicit: No

In On Capital Podcast

Release Date: 11/05/2020

Authors: In On Capital

Description: We talk about financial markets and the latest investment trends. "In the best markets On top of the business" Info: [email protected]

Explicit: No

Tapes from the Road

Release Date: 09/10/2020

Authors: Jan Dulay

Description: Trapped in the middle of an apocalypse, a young girl tries to make her way home to her family. On the way back home, she documents her life and runs into some inconvenient truths about herself and who she really is.

Explicit: No

Trading and Investing with Dr Forex

Release Date: 08/20/2020

Authors: Dr. Aderemi Banjoko

Description: Learn how you too can understand the Financial Markets and how to Trade and Invest in the markets.

Explicit: No

Nalu FM Finance

Release Date: 09/10/2020

Authors: Nalu FM Financial

Description: Financial markets illuminated insight out

Explicit: No

The Nonconformist

Release Date: 03/30/2021

Authors: The Nonconformist

Description: The Nonconformist is a financial newsletter and podcast exposing the Truths you're rarely told about The Markets, News, and Life. thenonconformist.substack.com

Explicit: No

High Probability Investing Show

Release Date: 08/13/2020

Authors: Danny Younes

Description: Danny Younes is a professional investor and VSA expert educating the retail investor on how the markets really work and how to find high probability trade setups

Explicit: No

The Unprofessional

Release Date: 12/24/2021

Authors: The Unprofessional

Description: An unfiltered, uncut, humorous business podcast discussing financial markets, investing, financial freedom, economics, politics, and yes crypto.

Explicit: No

All About Business

Release Date: 11/08/2021

Authors: Hopewell Valley Student Publications Network

Description: All About Business is a podcast that talks about some of the most popular and successful industries/markets in the world. Join podcast host, Prithvi Mohapatra, as he discusses how different industries/markets work, why they are so successful, and how to make money in them.

Explicit: No