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Patrick Boyle had a vid specifically on whether there was Enron style fraud. The conclusion was no, though he thinks things may be a bit bubbly https://youtu.be

• misswaterfairy 15d ago
  It's worth considering that it might not be 'Enron-style' fraud, because that's the best comparison have at the moment. What event did people compare Enron to, before Enron became 'Enron'? It's probable we're witnessing an entirely new fraud, we just don't have all of the details yet.
  • supern0va 15d ago
    Why? If there's no evidence of fraud, why are you imagining some new category of fraud that these companies have independently conjured up? Suggesting that an entire industry is in cahoots to invent and participate in an entirely new fraud-like scheme, including companies that have lots of wealth and growth and much to lose from such an exposure...seems awfully conspiratorial, don't you think?
  • tim333 15d ago
    Boyle's take was the companies have iffy financing but it's all declared in the small print in their financial reports so not fraud as such, but they kind of rely on the public skipping over that and not caring. It reminds me a bit of the dot com bubble when people bought into companies with terrible finances but just didn't bother about that in the boom.