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
Ensuring employees that i ve never felt better about the prospects for the company and in fact, urging them to buy more company stock. leadership knew that we cook the books and yet, ken lay through the fall of 2021 was selling stock. they got theirs but we are not going to get hours . putin and others who work for enron or a subsidiary, saw their retirement nest eggs made up heavily of enron shares wiped out this month. worse they are powerless to stop the hemorrhaging because enron had block them from making any changes in their retirement plan. when i saw the stock drop i called to sell, and was told i was locked out. so i had to stand by and watch my savings disappear. many of the nation s top banks and mutual funds were also invested in enron, the company is widely expected to become the this bankruptcy case in history. enron was the moment that we realized that so much of the business world was not what we
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In the u.s., is dow is now down close to 700 points. world leaders planning to launch massive sanctions against russia. matt egan joins me. we re expected to hear from president biden at 12:30 today. clearly a factor not only punishing russia but the boomerang that could have on western countries around the world. yeah, bianna. there s this impossible situation. how do you punish vladimir putin without having the u.s. economy and american families feel the blunt of it and there s no easy answers here but clearly crisis is setting off shock waves around the world and many american families are are going to feel the impact at the grocery store, the gas station, in the retirement nest eggs. this selloff started within minutes of the first explosions. the nasdaq into bear market territory. down 20% from a previous high. this would be the first bear
Enron saw their retirement nest eggs wiped out this month. worse, they are powerless to stop the hemorrhaging because enron has blocked them from making any changes in the retirement plans. when i saw the stock drop, i called to sell and was told that i was locked out. so i had to stand by and watch my savings disappear. many of the nation s top banks and mutual funds were heavily invested in enron. the company is widely expected to become the biggest bankruptcy case in history. enron was the moment we realized that so much of the business world was not what we thought. something is very wrong in the case of enron. a lot of knowledgeable people on wall street were either duped or purposefully went along for the ride at the expense of thousands of others. this is not a story of a few bad people. this is a story of a lot of bad people. there were aided and abetted by