Today's the 10-yr anniversary of the official collapse of Enron following its bankruptcy filing...

|By:, SA News Editor

Today's the 10-yr anniversary of the official collapse of Enron following its bankruptcy filing - prompting one ex-Arthur Andersen director to reminisce by drawing an analogy between the hyper-leveraged energy trading firm and that other out-of-control borrowing sensation...Europe. "(Enron) ran out of time in terms of its liquidity and a lot of the same elements — leverage, the need for liquidity, crisis when you lose confidence...and I would argue we're now living through it with the sovereign crisis in Europe."