Hollywood Starts with Animation

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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 city is named after the President of the Republic of Texas, Sam Houston.

(Note: The influx of European immigrants in the 18th century defeated the Mexican government forces and established the Republic of Texas in 1836. In 1845, it joined the United States as a state.)

Enron, a well-known energy giant at home and abroad, one of the top 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 Enron! Is it because the Enron company hinders the interests of some people?"

"Investigation, verification, evidence collection... all nonsense."

Joe Lisbon, a physics teacher at Helena Middle School in Houston, was not afraid to express his views in an interview with a reporter from The Houston News.

He supports Enron!

"Houston News" reporter Lin Cheers, asked: "So it is not true that Enron's stock price has plummeted?"

Joe Lisbon: "..."

In early 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 so badly that it was almost cut in half. This is an indisputable fact. Any sophistry or strong argument is useless.

Reporter Lin Cheers 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 the case of the Enron incident, the special investigation team that was urgently set up is not vegetarian.

Just a few days after I got involved in the investigation, I gathered a series of unknown secrets.

Among them, a large number of overseas offshore companies registered by Enron were exposed.

Throughout the world's financial history, the establishment of offshore companies enables companies to deploy 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, company executives have to rack their brains to cover up losses and inflated profits every quarter...

to the point of being unable to extricate himself.

The stock price has hit record highs, and the company's executives have begun to use inside information to hype their stock.

And the people didn't know it.

One-handed creation of an offshore company to inflate profits, and one-handed manipulation of stock price transactions is a fool's errand.

Corporate executives and their friends earn huge sums of dollar equity, while other unwitting stock investors pay the price.

It is no exaggeration to use the word "leek" to describe these investors.

In fact, this is how Enron operates. A large group of executives join forces to hollow out the company and enrich themselves.

Of course, the current chain of evidence is not sufficient!

These "facts" have not yet been exposed.

After all, the special investigation team had just intervened in Enron for a few days.

But even so, it still convinces the doubters that there is something wrong with Enron.

But... the local people in Houston are still reluctant to believe that they always stand on the side of Enron.

In fact, the people who support Enron are far more than the local people in Houston!

It's not~

At 9:00 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,

Although Enron's share price suffered a huge blow, and its share price nearly halved, but the major subsidiaries of Enron Energy's subsidiary Enron Natural Gas Pipeline Group, Enron Investment Company, etc., in the quarterly report for June this year, we can clearly see one point , Enron is still profitable. "

"As long as it can make a profit, all false statements against the company will eventually become empty talk!"

"I firmly believe that Enron can get out of the quagmire and create greater glories!"

In the real Houston area, everyone from the mayor to government officials, including city council members, supported Enron.

If nothing else, the number of people serving Enron in Houston alone is as high as 7,800;

For the power plant built by Enron Energy in Houston alone, more than 70% of its employees are local residents of Houston;

Enron is also one of the largest local taxpayers in Houston;

All in all, the local government in Houston had to stand on the side of Enron.

......

August 12, 5 p.m.

Houston's superior unit, the Texas State Government, and its external spokesperson, also held a press conference for the first time to stand up for Enron.

"An Ran is fine!"

"The decline in the stock price is only due to the normal adjustment of the financial market. The reason why the stock price has fallen seriously now is only due to the influence of the international financial market."

"To this end, I, the state of Texas, have contacted Citibank and, if necessary, can apply for financial assistance to Enron."

The purpose of the state government is to put pressure on the federal special investigation team!

Employment rate, unemployment rate, economic development, local stability, social welfare...

In every respect, Enron is an integral part of the city of Texas, and once it collapses, the entire state of Texas and the city of Houston will be under enormous social pressure.

Enron, ranked 7th among the top 500 American companies, is the pride of the entire Texas state government!

From government officials, down to entrepreneurs and the public, they cannot accept the collapse of Enron.

......

In the evening of the same day, the ABC television station under the Disney Group, its financial channel, made a special report on the Enron incident.

Andre Lyon, Secretary General of Nasdaq Exchange, became the main guest of this episode.

"Enron everything is normal."

"The so-called exposure of a large number of overseas offshore companies is just the normal operation of the company."

"Enterprises, banks, overseas investment institutions, etc., constitute a complete financial market. As a member of Enron, it 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 Investments, maintained a minimum profit rate of 11%, which was much higher than the 8% benchmark for Wall Street investment banks."

"I'm not saying these numbers because I don't want to stand in the side of Enron."

"All this is just the final result of my analysis based on facts and data."

The broadcast of this episode has once again caused the federal special investigation team to be questioned.

[Federal authorities harm American companies]

This name has spread like wildfire.

Under a series of operations, the pressure on the federal special investigation team is very, very, very large!

"" The second is sent, there are votes to vote, dear~