Chapter 576: Won't wait and die
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Houston, Texas.
It is the largest city in Texas, the fourth largest city in the United States, and the largest economic center on the Gulf Coast.
The name of the city is named after Sam Houston, President of the Republic of Texas.
(Note: The large influx of European immigrants in the 18th century defeated the Mexican government and established the Republic of Texas in 1836. It joined the United States as a state in 1845.)
The well-known energy giant Enron Corporation, one of the Fortune 500 companies in the United States, has its corporate headquarters located in Houston.
It can be said that Enron has always been the pride of the local people in Houston!
"question?"
"Why do they question Anran! Is it because Enron is obstructing some people's interests?"
"Investigation, verification, and evidence collection... are all nonsense."
Joe Lisbon, a physics teacher at the local Helena Middle School in Houston, spoke out his views in an interview with the "Houston News" reporter.
He supported Enron!
"Houston News" reporter Lin Cheers asked: "So, isn't it true that Enron's stock price plummeted?"
Joe Lisbon: "..."
At the beginning of 2001, Enron's stock price was $83 per share;
In August 2001, Enron’s stock price was $42 per share;
Enron's stock price fell, very serious, almost cut in half. This is an indisputable fact. Any sophistry and strong arguments are pale and weak.
Reporter Linchels asked again: "According to the first data report of the special investigation team, Enron has registered a large number of offshore companies in various overseas countries and regions in order to whitewash its high return on investment. What do you think of it for tax avoidance and to increase profitability?"
Joe Lisbon: "..."
Yes, he was speechless again.
Relevant departments in the United States, in response to the Enron incident, the emergency investigation team set up is not vegetarian.
Just a few days after I was involved in the investigation, I collected a series of unknown secrets.
Among them, a large number of overseas offshore companies registered by Enron have been exposed.
Throughout the history of world finance, the establishment of offshore companies allows companies to allocate funds as they like without being noticed; at the same time, they can cover up the company's operating losses. In this way, the company has become puffy, but at the same time, company executives have to rack their brains every quarter to cover up losses and inflated profits...
Even to the point where you can't extricate yourself.
The stock price has repeatedly hit new highs, and the company's executives have begun to use internal information to speculate on their stocks.
The people didn't know it.
Creating an offshore company to inflate profits with one hand, and manipulating stock trading with the other, is a trick.
Corporate executives and their friends have a huge amount of US dollar equity that makes money without losing money, while other unsuspecting stock investors have to pay for it.
It is no exaggeration to use the word "leeks" to describe these investors.
In fact, Enron operates in this way. A large number of executives unite to hollow out the company and fatten themselves.
Of course, the current chain of evidence is not enough!
These "facts" have not yet been exposed.
After all, the investigation team had just intervened in Enron and it didn't take a few days.
But even so, the doubters are still more convinced that there is a problem with Enron.
But... the local people in Houston still don't want to believe that they always stand on the position of Enron.
In fact, the people who support Enron are far more than the local people in Houston!
This is not~
At 9 a.m. on August 12, when the mayor of Houston was interviewed by a reporter from Bloomberg, he said:
"An Ran is sick?"
"This is totally wrong information!"
"Since the beginning of 2001, Enron’s stock price has suffered a huge blow, and its share price has almost been cut in half. However, Enron Energy’s major subsidiaries including Enron Natural Gas Pipeline Group and Enron Investment Co., Ltd. reported in the June quarterly statement of this year We can clearly see that Enron is still profitable."
"As long as it can be profitable, then all false statements directed at the company will eventually become empty talk!"
"I firmly believe that Anron can step out of the quagmire and create greater glories!"
In the real Houston area, from the mayor to government officials, including members of the city council, all supported Enron.
Among other things, the number of people serving Enron in Houston alone is as high as 7,800;
It is the power plant built by Enron Energy in Houston alone. More than 70% of the employees are local residents of Houston;
Enron is also one of the largest local taxpayers in Houston;
All in all, the Houston local government has to stand on Enron's side.
......
August 12, 5 pm.
The state government of Texas, the superior unit of Houston, and its external spokesperson also held a press conference for the first time to stand up for Enron.
"Enron has no problem!"
"The decline in stock prices is only due to the normal adjustment of the financial market. The reason why its stock price has dropped a bit now is just because it is affected by the international financial market."
"For this reason, my Texas state government has contacted Citibank, and when necessary, I can apply for financial assistance to Enron."
The purpose of the state government is to put pressure on the federal investigation team!
Employment rate, unemployment rate, economic development, local stability, social welfare...
In all respects, UU Reading www. uukanshu.com Enron is an indispensable part of Texas. Once it collapses, the entire Texas state government and the Houston city government will be under tremendous social pressure.
Enron, ranked 7th among the Fortune 500 companies in the United States, is the pride of the entire Texas state government!
Even government officials, entrepreneurs and people cannot accept the collapse of Enron.
......
In the evening of the same day, the Disney Group's ABC TV station and its financial channel made a special report on the Enron incident.
André Lyon, Secretary-General of the Nasdaq Stock Exchange, became the main guest of this episode.
"Enron everything is normal."
"The so-called large number of overseas offshore companies that have been exposed are nothing more than normal operations of enterprises."
"Enterprises, banks, overseas investment institutions, etc., constitute a complete financial market. As one of them, Enron has the right to seek investment projects in the financial market."
"From the beginning of 2001 to June 2001, Enron's subsidiaries Enron Capital and Enron Investment Corporation maintained their lowest profitability at 11%, which was far higher than the Wall Street investment bank's 8% benchmark line of return."
"I said these data, not to stand in line with Enron."
"All this is just the final result of my analysis based on facts and data."
The broadcast of this episode once again caused the federal investigation team to be questioned.
[Federal authorities harm local American companies]
This name spread like wildfire.
A series of operations put a lot of pressure on the federal investigation team!
"" The second one is sent, there are votes to vote, dear~
