{"id":377792,"date":"2018-09-19T09:55:48","date_gmt":"2018-09-19T08:55:48","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/down-the-financial-rabbit-hole-with-trump\/"},"modified":"2018-09-19T09:55:48","modified_gmt":"2018-09-19T08:55:48","slug":"down-the-financial-rabbit-hole-with-trump","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/down-the-financial-rabbit-hole-with-trump\/","title":{"rendered":"Down the Financial Rabbit Hole With Trump"},"content":{"rendered":"
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Once upon a time, there was a little-known energy company called Enron. In its 16-year life, it went from being dubbed America\u2019s most innovative company<\/a> by Fortune Magazine<\/em> to being the poster child of American corporate deceit. Using a classic recipe for book-cooking, Enron ended up in bankruptcy with jail time for those involved. Its shareholders lost $74 billion<\/a> in the four years leading up to its bankruptcy in 2001.<\/p>\n

A decade ago, the flameout of my former employer, Lehman Brothers, the global financial firm, proved far more devastating, contributing as it did to a series of events that ignited a global financial meltdown. Americans lost an estimated $12.8 trillion<\/a> in the havoc.<\/p>\n

Despite the differing scales of those disasters, there was a common thread: both companies used financial tricks to make themselves appear so much healthier than they actually were. They both faked the numbers, thanks to off-the-books or offshore mechanisms and eluded investigations\u2026 until they collapsed.<\/p>\n

Now, here\u2019s a question for you as we head for the November midterm elections, sure to be seen as a referendum on the president: Could Donald Trump be a one-man version of either Enron or Lehman Brothers, someone who cooked \u201cthe books\u201d until, well, he imploded?<\/p>\n

Since we\u2019ve never seen his tax returns, right now we really don\u2019t know. What we do know is that he\u2019s been dodging bullets ever since the Justice Department accused<\/a> him of violating the Fair Housing Act in his operation…<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Once upon a time, there was a little-known energy company called Enron. In its 16-year life, it went from being dubbed America\u2019s most innovative company by Fortune Magazine to being the poster child of American corporate deceit. Using a classic recipe for book-cooking, Enron ended up in bankruptcy with jail time for those involved. Its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-377792","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/377792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=377792"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/377792\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=377792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=377792"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=377792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}