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
Little pieces, package them up with other investments and sold them to the best customers around the world as high yield targets backed securitie s. consider buying one mortgage, they would take 1000, put them into a package and cut them into 1000 pieces, and sell the pieces, as a much safer investment. the idea was all of this was diversified in 100 different ways, everyone had little pieces of it and therefore, if one of the little pieces went down the other piece wouldn t go down but that was the fallacy about the whole scheme. from main street to wall street, the numbers are for boating. they are rising so fast they could soon involve one in 100 american homes. the fact that millions of americans are getting mortgages they should have never had, that s kind of an isolated market s doing, he s ready .