
Originally published in 2006, this book examines the collapse of the Enron Corp. and other financial scandals that arose in the wake of the market downturn in 2000.Part 1 reviews the market book and bust that preceded Enron’s collapse.It then describes the growth of Enron and the events that led to its sensational failure.Part 2 examines the role of the Securities and Exchange Commission’s full disclosure system in corporate governance and the role of accountants in that system.Part 3 reviews the meltdown in the telecoms sector and the accounting scandals that emerged.Part 4 traces the remarkable market recovery that followed the financial scandals and the resumption of the growth of finance in America.