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Enron
What happened at Enron was ~ Three major swindlers, and their
twenty accomplices, bilked investors, suppliers, bond holders, and
pensioners out of billions. Now, the wronged individuals have bonded
together in a class action suit, and they are charging that the
banks, stock houses, directors, etc had a duty to monitor, and
prevent, the biggest swindle in history.
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Bush And Enron
President Bush personally
weighed in with his views before the administration decided not to
support investors whose securities fraud case is now before the
Supreme Court.
The outcome of
the Supreme Court case could determine whether investors can pursue
lawsuits to recover investment losses if they can prove collusion
between Wall Street institutions and scandal-ridden companies.
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