In Conversation with Former Enron CFO Andy Fastow Part Two

Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

In this milestone 100th episode of Bubble Trouble podcast, hosts Richard Kramer and Will Page converse with former Enron CFO, Andy Fastow, discussing the downfall of Enron, financial regulation, the financial crisis, and the manipulation of financial statements. Fastow delves into the fine line between legal and illegal practices in finance, highlighting how business leaders can inject more risk than they realize when operating within the 'gray areas' of business and finance. He also shares his insights into public pension liabilities, the potential tipping point for public finances, and how the perception of different companies can drastically change based on financial reporting and assumptions. [Repeat from December 2023]

0:00 BT 101 In Conversation with Former Enron CFO Andy Fastow Part Two

00:00 Introduction to Bubble Trouble

00:42 Part One

19:03 Exploring the Role of Technology in Financial Crises

22:20 Understanding the Impact of Government Accounting

29:09 Enron's Advisory Board and Structured Finance Deals

30:11 Reflections on Enron's Financial Practices

30:41 Government's Financial Engineering

30:58 Imputed Rent and Government Statistics

32:25 Part Two

32:25 Inflation and its Impact

32:25 Inequality and Low Interest Rates

32:40 The Role of Analysts and Ethics in Finance

33:34 The University of Colorado Case Study

49:29 Closing Thoughts on Ethics and Reciprocity in Finance

52:59 Credits

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