Enron

Auditor oversight rules put in place after the Enron scandal are reportedly being rolled back, according to a Yahoo Finance report. The reforms, including stricter independence requirements for auditors, were introduced to restore investor confidence after the 2001 accounting fraud. Observers warn the reversal could weaken financial safeguards and increase the risk of accounting scandals.

Steve Eisman, the investor known for betting against subprime mortgages before 2008, says the financing methods used by Oracle and Meta resemble those of the Enron era. His warning adds to growing Wall Street debate about whether big tech's heavy off-balance-sheet and debt-funded spending on AI data centers is sustainable or echoes pre-collapse accounting tricks.