ENRON was an American energy company based in Houston, Texas. Before
its bankruptcy in late 2001, Enron employed around 22,000 people
(McLean & Elkind, 2003) and was one of the world's leading
electricity, natural gas, pulp and paper, and communications
companies, with claimed revenues of $111 billion in 2000.
Fortune named Enron "America's Most Innovative Company" for six
consecutive years. At the end of 2001 it was revealed that its
reported financial condition was sustained mostly by
institutionalized, systematic, and creatively planned accounting fraud
(see: Enron scandal). Enron has since become a popular symbol of
willful corporate fraud and corruption.
http://en.wikipedia.org/wiki/Enron
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Merrill Lynch , Goldman Sachs , UN all warn of impending " reality
check " for the USA economy.
I notice more good news every day
Perhaps it may have been best if they admitted in 2001 they were
bankrupt and avoided a war to try and save the USA and Israel , now
its time to start facing he grim reality
