alt Hacker NewsLOL "The entity is named “Beignet,” presumably because “Off-Balance-Sheet Leverage Vehicle No. 5” tested poorly with focus groups."
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venturecruelty • today at 8:07 PM
"A Love Letter to Enron" would sound really bad in the deposition.
seanmcdirmid • today at 4:52 PM
It’s a fitting name for Louisiana at least. But this place is next Monroe which is…nowhere near New Orleans.
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Meta's accounting games are entirely reminiscent of Enron, who famously named their off-balance sheet debt-hiding special purpose vehicles after Star Wars "Jedi 1, Jedi 2," Jurassic Park, "Raptors 1 through 7," and the crooked CFO's kids "LJM" etc.