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> Did the Enron scandal undermine our understanding of steam turbines? If you know anything about it, you probably are aware it's accounting related rather tha
by throwaway290 4y ago
> Did the Enron scandal undermine our understanding of steam turbines?
If you know anything about it, you probably are aware it's accounting related rather than technology related.
- JumpCrisscross 4y ago> it's accounting related rather than technology related Precisely. The accounting scandal has as much to do with the underlying technology as the Libor scandal does with our understanding of the mechanics of banking. Nobody informed walked away from the Libor scandal rethinking the fundamentals of banking in the same way chickens didn’t get bioengineered in response to chicken Libor.