feeling their pain. this is the biggest point drop that has ever been seen. we are in the midst of a serious financial crisis and the federal government is responding with decisive action. these guys have been gambling with the house money for years and it s our job to bail them out? the largest swindle in wall street history, and alleged 50 if you million dollar ponzi scheme by bernard madoff. you belong in jail, you criminal! the pardon is over. if there was any company that could make energy cool, it was enron. the texas energy broker treated electricity like any other commodity. it buys and sells billions of dollars worth of energy, every day. it s the largest company of its kind in the world. enron is a company that deals with everyone with absolute integrity. we play by all the rules and stand by our work. we mean what we say . ken lay was the original ceo, he ran enron when the company was created out of the merger of two pipeline companies. he seem
i think you put words in my mouth. what happened in california was a flashing red signal about the nature of what enron was all about. but what brought them down was just the sheer brazen and the spoke of their manipulation. the snc is investigating the procedures after the company admitted it inflating earnings by more than $1 billion. enron had businesses that were losing immense amounts of money so the ceo found extremely creative accounting methods in order to hide the losses, hide the debt, show investors profits that didn t actually exist yet in order to please wall street and keep the stock price high. it was revealed that in the same period, when an in-house whistleblower name sharon watkins was privately warning the chairman that i am incredibly nervous that we won t implode in a wave of accounting scandals, he was