Many of Enron people also believed in their own malarkey. Systemic fraud usually doesn't have a foundation of calculating rational actors but instead irrationa

Many of Enron people also believed in their own malarkey. Systemic fraud usually doesn't have a foundation of calculating rational actors but instead irrational exuberance and magical thinking; as if economic fundamentals need not apply. Look at the dotcom bubble, bitcoin bubble, or the housing crash. The biggest offenders were also the biggest devotees to the dream. I say this being a shareholder in GE. I honestly hope I'm wrong and things turn around but insiders doubling down in hope of a brighter tomorrow is a poor investment indicator signal. It doesn't mean much.