If you want to understand the world of finance, watching this documentary breaks it down into nail-biting details. And it follows the trials of the company leaders as they faced criminal charges for their actions. This documentary describes in vivid detail how Enron employees contributed to the problem and what was done in the aftermath to prevent this sort of disaster in the future.
The effects of the Enron scandal were widespread. California was forced to purchase more power from neighboring states, which contributed to the budget woes that eventually helped force the governor out of office. The company had become so enamored of its own power that it began tinkering with the power supply, causing the rolling blackouts in California that were initially blamed on excess consumption.
But evidently, there was even more involved. I had been aware that the Enron meltdown had to do with “cooking the books,” according to the buzzphrase going around at the time. These headlines seem unrelated, but the documentary shows that not only are they related, but in the aftermath, also just how ridiculous they both are, and how neither ever should have happened.
I took a class in Business Law a few years ago.
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