#TheEnronTaskForceTrust: "Let's do the time warp again."--#TheRockyHorrorPictureShow From the Niall Ferguson book, "The Square and the Tower: Networks and Power, From the Freemasons to Facebook"

What the U.S. Treasury, the Federal Reserve, and other regulatory authorities failed to grasp when they declined to bail out Lehman Brothers in 2008 was that although its chief executive, Richard Fuld, was something of a network isolate on Wall Street--unloved by his peers (including the U.S. treasury secretary, Henry Paulson, formerly the head of Goldman Sachs)--the bank itself was a crucial node in a dangerously fragile international financial network.  Economists untrained in network theory woefully underestimated the impact of letting Lehman Brothers fail.

From The False Prophecy of Hyperconnection by Niall Ferguson. Foreign Affairs, SEPT/OCT 2017, p. 68, 76.

Enron was "unloved" and secretive too.  The sequel however, turned out to be as much as three times more massive in terms of financial losses than the 2001 terror attack which sent Enron into bankruptcy for good.