The Value of Prizes, a catechism

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Q - Who was the final recipient of the
   .   Enron Prize For Distinguished Public Service?

A - Alan Greenspan.

Q - When did he accept the award?

A - November 2001, two weeks before Enron
declared bankruptcy and 4 and 1/2 years
before Kenneth Lay, the presenter of the
award was found guilty of conspiracy,
false statements, securities fraud and bank fraud.

Q - Who were other recipients of this prize?

A - Mikhail Gorbachev, Nelson Mandela, Colin Powell.

Q - Should a political hero like Gorbachev, a war hero like Powell
   .  or a moral hero like Mandela be held accountable for not being
   .  more careful about questioning the source of a prize he was
   .  willing to accept?

A -

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Source:  The Ascent of Money by Niall Ferguson, page 168.
Photo on page 170 shows Greenspan accepting award before
he even dreamed of taking co-credit for the Greenspan-Paulson
Financial Collapse of 2007.


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