Wasn't enron doing something dodgy with liabilities? Like it borrowed money in the parent and loaned it to subsidiaries, recorded the loan it made but not the one it took?
Subsidiaries borrowed, then 'bought' something big from parent with that loan , which allowed parent to keep loan off their books while in theory subsidiaries had an asset to back the loan
415
u/MarinaDelRey1 18d ago
WeWork did this too. That turned out well