Created on Thursday, 16 April 2009 19:49
Enron went from being the seventh largest US company to bankruptcy in less than a year and this is the story of the downfall. All major players are put under a magnifying glass – Ken Lay (with Falwellesque rectitude), Jeff Skilling (he of big ideas), Lou Pai (gone with $250 M) and Andy Fastow (the dark prince).
Along the way we watch Enron game California's deregulated electricity market, get a free pass from Arthur Andersen (which okays the dubious mark-to-market accounting), use greed to manipulate banks and brokerages (Merrill Lynch fires the analyst who questions Enron's rise) and we hear from both former Presidents Bush "what great guys they are".
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