Enron Documentary

Smartest Guys in the Room?

Thanks

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I would rather watch the FTX Documentary.

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There will most likely be multiple major documentaries made about FTX within the next two years.

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Smartest Guys in the Room?

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As a financial guy, this doc is outstanding. It came out just as I was getting started in my career and I remember being fascinated by this story. I've probably watched it 4-5 times.

Not sure if it is on Netflix

It's on Amazon Prime

Smartest Guys in the Room

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The sequel is much better















FTX

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You mean CFS (Commercial Financial Services) and Bill Bartmann. Dwarfed the Enron amount in their BK after buying most of the late 80's S&L Crisis debt from the closed S&L's and using those portfolio's as the 1st example of what is now standard practice and causing our money printers to go brrrr. (see: Securitization of debt by using existing debt as collateral against new debt. This is what the Fed Reserve is doing now, selling new debt using the current/old debt as collateral on the new. Rolling, rollin, rollin, keep them debtors rollin, RAWHIDE!) Only thing that stopped Bartmann and his former Fed Bank Examiner CFO Gertrude Brady was getting wind of portfolio manipulations that when S&P got hard proof forced them to completely remove their bond ratings from CFS shutting down their source of revenue: sale of bonds.

FTX is a sequel to a sequel.


ETA: At a point in the mid to late 90's Bartmann was only behind Bill Gates as richest man, was ahead of all the rest including Musk, Bezos, cartel bosses, SA princes, etc.. But nobody has ever heard of him. He was such scum he had the Las Vegas Newspaper front page framed on his office wall showing him canoodling with high ranking politicians and Navy Admirals as the Tailhook Scandal broke. He was totally proud of his crooked connections and boasted of them!

Yeah what luck by Lewis

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I think part of that is how early we want to editorialize these things. Some guy is writing a doc outline about this right now and will drop a half assed Netflix doc on it when we haven’t even begun to get to the whole story or how it plays out

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You put that more succinctly than I did. But yes. fyrefest, woodstock, wework, GameStop, etc. all had some very heavy editorializing that went on.

Woodstock at least had 20 years to have the whole story come out, but then they tried to attach 2022 sensitivities and labels to an event that happened almost 25 years ago.

Eat the rich was entertaining but then they brought in Taylor Lorenz who is a known and complete hack of a journalist who probably will end up in obscurity in a few years outside of her own blog. I was asking myself why she was even involved with this story.

The story could be interesting but I feel like the investigation and fallout needs to play out first.