Reuters: MF Global Proves Enron-Era Accounting Lives On

As I stated in a previous post, I was at Enron when it imploded - working as an energy derivatives trader. When we were laid off we were truly ashamed! Many of us got interrogated by the FBI, prosecutors and the Department of Justice. Some folks went to prison, no one was bailed out, a major accounting firm went down with us, etc.

The current MF Global scandal makes Enron look like a picnic!

So it seems we haven't learned anything from what happened 10 years ago! Sad!