enjoys http://www.mrc.org/taxonomy/term/18852/all en Government-Sponsored Enron http://www.mrc.org/special-reports/government-sponsored-enron <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-gainor">Dan Gainor</a> </div> </div> </div> <p><a href="http://www.mrc.org/bmi/reports/2005/GovernmentSponsored_Enron_Executive_Summary.html">See Executive Summary</a></p> <br /> <p>It's a familiar story. An enormous company reveals its 'accounting problems.' The problems are found to be far worse than anyone realized. The CEO is forced to resign. Other high-ranking executives follow. The stock price begins to drop. Billions of dollars might be lost. The politically savvy CEO even has direct connections to a presidential administration.</p><p><a href="http://www.mrc.org/special-reports/government-sponsored-enron" target="_blank">read more</a></p> Special Reports MRC Business 2002 2003 2004 2005 202 567 abc abcs absentee absorb accounting administration advantages african american analysis analysts appears article asked attention attorney bail bankrupt banks beating began big billion board bonuses broadcast Brokaw Budget bush business buy calamity call called campaign capital carlson cbs CEO chairman charter chief citizens clinton close CNN collapse committee company companys congress congressional connections contributors corporate correct corrupt coverage created Credit criticized cushion day deal debacle dec Decline didnt director dollar dollars dream drop dropped earnings economic efforts employees energy enjoys enormous Enron enrons enterprise errors evening exchange executive executives experts explained explaining faced failure familiar fannie fannies fastow feb federal fiasco figures financial firms focus franklin freddie front future Gasparino gave generous Giant gorelick government greenspan gregory GSE GSEs guaranteed hasnt havens high Hispanic hits home homebuyer homebuyers homes House housing huge implicit implied including incredible inherently inquiries investigation jamie jan journal Journalists Kerry key landlords larger largest lay lexisnexis Loans lobbying lose loss losses mac made mae maes manage management March market medias million months mortgage mortgages national NBC network networks news nightly numbers obrien oct offered office officer options oversight overstated paid people percent perception period perspective peter pinkston policy political politically portfolio post president print private problems produced public put question raines rainess received regulator report reported reporter response resulted revealed rightly risky Scandal search secondary secretary sector share Shareholders show similar situation spent sponsored stock story street strong subsidy tax taxpayers term things ties Today tom tonight top treasury vacation ventures vice victims volatility wall washington waste week werent white wondered words work workers world worse year years york Sat, 02 Apr 2005 00:54:00 +0000 admin 30552 at http://www.mrc.org