Enron
Coverage of Enron in the Nexus archive.
- The AI boom has echoes of Enron — but that might be okay, a tech guru says
AI and analytics guru Ram Bala warns that current tech giants are employing financial strategies mirroring Enron, citing practices related to debt handling, demand forecasts, and circular deals. While acknowledging the AI buildout is entirely legal, he cautions that private credit and overly optimistic, marked-to-model projections create significant hidden risks for borrowers and lenders. He notes that even seemingly routine transactions, like Nvidia investing in OpenAI, could be viewed as risky vendor financing.
- Citadel: the hedge fund that became an energy giant
Ken Griffin built Citadel, a commodities empire extending beyond financial trading, emerging from the aftermath of Enron.
- Trump’s crooked ‘art of the deal’ with Big Oil
The article discusses Donald Trump's corrupt deal with Big Oil, citing it as the most corrupt in US history. It mentions several big oil scandals over the last century, including Teapot Dome and Exxon Valdez. The article criticizes Trump's actions as a significant issue.