Enron and Global Crossing used a complex deal brokered by a third company to sidestep accounting rules in a March 2001 transaction that was designed to help Global Crossing disguise a loan and allow each company to book revenue. ... The details shed light on the way Enron and Global Crossing operated in the formerly frenetic market for trading high-speed communications capacity. Scapegoat says: "We were told to buy a bag of goods and to sell a bag of goods. It's earnings management." Didn't we know this already? And where can you get a degree in earnings management? | 
