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Five billion in sales. Twelve million in cash.

Five billion in sales. Twelve million in cash.

The collateral was the fraud. Nobody checked it.

The number that killed Spirit Airlines

The number that killed Spirit Airlines

It wasn't fuel. It wasn't the bailout. It was hours in the air.

Circuit City fired its best salespeople on purpose

Circuit City fired its best salespeople on purpose

Not the worst performers. The best ones. The company said so in the press release.

RadioShack spent $610 million on its own stock

RadioShack spent $610 million on its own stock

Twelve profitable years. One buyback program. And a covenant that made shrinking illegal.

A million dollars a second

A million dollars a second

The bank committed no fraud. It bought government bonds. It was gone in under 48 hours.

It had the money. Nobody would lend to it.

It had the money. Nobody would lend to it.

Bear Stearns was solvent on the Monday and gone by the Sunday. Nothing about its balance sheet changed.

The 1.9 billion that was never there

The 1.9 billion that was never there

Three years of audits confirmed money that did not exist. Nobody called the bank.

Twenty years of perfect quarters. None of them came from the factory.

Twenty years of perfect quarters. None of them came from the factory.

General Electric was the stock people inherited. The turbines and the jet engines were real. The earnings, increasingly, came from somewhere else entirely, and the disclosures said so the whole time.

The trades never happened. Not one of them.

The trades never happened. Not one of them.

Clients held statements showing sixty-five billion dollars. The money sat in a single bank account. An outside analyst put it in writing to the regulator in 2000, again in 2001, and again in 2005.

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