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Conspiracy of Fools by Kurt Eichenwald
The fall of Enron is well known. In Conspiracy of Fools, Kurt Eichenwald details how Kenny Lay, Andy Fastow, and Jeff Skilling set out to make themselves rich, creating profits that didn't exist, and building shell corporations to hide money, losses, and the financial truth. It was an endeavor that counted on a board of directors that rubber-stamped their decisions and relied on friends in high places, both in politics and the financial world. Eichenwald exposes the arrogance and hubris that these men wielded before their house of cards collapsed underneath them. Conspiracy of Fools is told in a straightforward presentation of the facts and has received mostly positive reviews. The New York Times says, "Conspiracy of Fools is a splendid achievement. Mr. Eichenwald has an encyclopedic grasp of a watershed business collapse, and has turned it into a gripping read, a true tale for our times."