Enron Post

       Enron was one of the most innovative companies in the 1990's. Enron was worth about $70 billion dollars, and the stocks being sold for $90 each. The company came crashing down last October. The company made a "dozen" partnerships with companies it made. They used the partnerships to hide big debts and heavy losses on their trading. The owner of the company had made one of the biggest frauds in corporate history. Enron became bankrupt, and millions of people lot jobs, and many investors lost billions of dollars. 10 congressional committees are investigating Enron and the collapse. Some people think the end result will be jail. Others think new rules will happen to the accounting industry.