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Enron

Top investment bank CEO says he was ‘defrauded’ by the bankruptcy that’s rattling Wall Street. Famous shortseller sees an Enron moment

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A leading Wall Street investment bank’s top executive claims to have been “defrauded” in the bankruptcy saga surrounding First Brands Group, a collapse that now threatens a chain reaction across global credit markets. At the same time, legendary shortseller Jim Chanos, famed for his role exposing Enron’s scandal, has drawn ominous parallels between this moment … Read more

Top analyst on concerns about Nvidia fueling an AI bubble: ‘We’ve seen this movie before. It was called Enron, Tyco’

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A top Wall Street analyst has sounded an alarm over the U.S. equity bull market, warning that its remarkable run is built on a precariously narrow foundation: a surge in spending on, and optimistic assumptions about, infrastructure for artificial intelligence (AI). This spending has fueled a boom in the shares of most of the so-called … Read more

Enron short-seller Jim Chanos: Financial fraud is ‘going to get worse’ amid AI boom

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In 2020, billionaire short-seller Jim Chanos told the Financial Times we were in the “golden age of fraud,” the result, in part, of Silicon Valley’s “fake it till you make it” attitude and a surge in eager retail investing as a result of the pandemic. About five years later, as the AI boom balloons larger … Read more

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