Houston, Texas.
It is the largest city in Texas, the fourth largest city in the United States, and the largest economic center along the Gulf Coast.
The city was named after Sam Houston, President of the Republic of Texas.
(Note: in the 18th century, the influx of European immigrants defeated the Mexican government and founded the Republic of Texas in 1836. He joined the United States as a state in 1845
Enron, a famous energy giant at home and abroad, is one of the top 500 enterprises in the United States. Its headquarters is 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 Enron! Is it because Enron has blocked the interests of some people? "
"Investigation, verification, evidence collection... Are all nonsense."
In an interview with the Houston news, Joe Lisbon, a physics teacher at Helena high school in Houston, made his point.
He supports Enron!
"Houston news" Reporter Lin chers, asked: "so Enron shares plummeted, not the truth?"
Joe Lisbon
At the beginning of 2001, Enron's share price was $83;
In August 2001, Enron's share price was $42;
It is an indisputable fact that Enron's share price has fallen so seriously that it is almost cut off. Any sophistry or strong argument is weak.
"According to the first data report of the ad hoc investigation group, Enron has registered a large number of offshore companies in various overseas countries and regions in order to whitewash its high rate of return on investment for tax avoidance, so as to increase its profit rate. What do you think of that?" asked Lin chers
Joe Lisbon
That's right. He's stopped talking again.
The relevant departments of the United States, in response to the Enron incident, urgently set up the special investigation team is not vegetarian.
Just a few days after the investigation, he 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 enables enterprises to allocate funds at will without being noticed; At the same time, it can cover up the company's operating losses. In this way, the company has become puffy, but at the same time, the company's executives have to rack their brains every quarter to cover up losses and inflate profits
Even to the point of being unable to extricate themselves.
Stock prices hit record highs, and executives began to use inside information to hype their stocks.
And the people don't know.
On the one hand, it creates offshore companies to inflate profits, and on the other hand, it manipulates stock price trading, which is called a slip.
Executives and their friends, with their huge amount of US dollar equity, make a steady profit, while other uninformed stock investors have to pay for it.
It is no exaggeration to use the word "leek" to describe these investors.
In fact, this is how Enron operates. A large number of executives unite to empty the company and enrich themselves.
Of course, the current evidence chain is not enough!
These "facts" have not yet been exposed.
After all, the ad hoc investigation team just stepped in and Enron didn't have a few days.
But even so, it still makes skeptics more convinced that Enron has a problem.
But... The local people in Houston are still reluctant 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!
That's not true~
At 9 am on August 12, when the mayor of Houston was interviewed by a reporter from the "Peng Bo" news agency, he said as follows:
"Enron is ill?"
"This is totally wrong information!"
"Since the beginning of 2001, although Enron's share price has suffered a huge blow, the share price has nearly halved, but Enron's major subsidiaries, such as Enron natural gas pipeline group and Enron investment company, can clearly see that Enron is still in the middle of profitability in the quarterly report of June this year."
"As long as we can make profits, then all the untrue remarks against enterprises will eventually become empty talk!"
"I firmly believe that Enron can walk out of the quagmire and create more brilliance!"
In the real Houston area, from the mayor to government officials, including city council members, all support Enron.
Among other things, the number of people serving Enron in Houston alone is as high as 7800;
More than 70% of the employees of the power plant built by Enron energy in Houston are local residents of Houston;
Enron is also one of the largest taxpayers in Houston;
All of these make the local government of Houston have to stand on Enron's side.
......
August 12, 5 p.m.
The spokesman of Texas government, the superior unit of Houston, also held a press conference for the first time to support Enron.
"Enron has no problem!"
"The decline of the stock price is only due to the normal adjustment of the financial market. The reason why the stock price has fallen seriously is that it is only affected by the international financial market."
"To this end, the government of Texas has contacted Citibank and can apply for financial assistance to Enron when necessary."
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
From all aspects, Enron is an indispensable part of DEXA. Once it collapses, the whole Texas government and Houston city government will bear huge social pressure.
Enron, which ranks seventh among the top 500 companies in the United States, is the pride of the entire Texas state government!
Government officials, entrepreneurs and the public can not accept the collapse of Enron.
......
In the evening of that day, Disney group's ABC TV station, its financial channel, made a special report on the Enron incident.
Andre Lyon, Secretary General of the Nasdaq Stock Exchange, became the main guest of the show.
"Enron, everything is normal."
"The so-called exposure of a large number of overseas offshore companies is just the normal operation of enterprises."
"Enterprises, banks, overseas investment institutions and so on constitute a perfect financial market. Enron, as one of them, has the right to seek investment projects in the financial market."
"From the beginning of 2001 to June 2001, Enron capital and Enron investment company, the subsidiaries of Enron, kept the lowest profit rate at 11%, far higher than the benchmark of 8% return rate of Wall Street investment banks."
"I don't want to stand in line with Enron when I say these figures."
"All this is just the final result of my analysis based on facts and data."
The broadcast of this program once again made the federal special investigation team questioned.
[Federal authorities damage Native American enterprises]
This name, spread like wildfire.
Under a series of operations, the federal special investigation team is under great pressure!
"The second watch" is here. There are votes to vote~