I'm in the middle of reading Kurt Eichenwald's 'Conspiracy of Fools'. When Enron management described all the innovative ways they were 'making money' they weren't kidding. They were creating it out of thin air with complex, mirrored in and out transactions of all types in every utility sector they could find, and no one (except Arthur-Andersen only occasionally) was there to call them out on it until it was too late. Reading about it, it almost feels like a .9 release of Theranos, where management was complicit and clueless at the same time.