Enron: the Smartest Guys in the Room - Rakib Mahmud

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“Enron: The Smartest Guys in the Room” is a 2005 documentary which examines the 2001 collapse of the Enron Corporation is the result in criminal trials for several of the company's top executives; it also shows the involvement of the Enron traders in the Texas electricity crisis . This film shows how the 7th largest company in Texas (net worth $70 billion) became bankrupt. Enron showed us how big money comes from good business and how well you know the people who have higher powers. Ken Lay ( the CEO of Enron) showed futuristic and more improved ways to do business. Enron had many legitimate sources of income like natural gas, etc. But as they started to lose money in various areas, some of the stock was later made up and billions of dollars were non-existent! I believe that reasons for Enron on keeping the fraud going for an extensive time is that because there were no strict rules and because of deregulation of buying and selling of the company’s wealth. Ken Lay created multiple non-existing companies of partnership and hid the truth of where the money was. People thought these very companies were worth a fortune but because they were completely made up, they didn't have any value! He definitely abused capitalism and how the market runs. Ken Lay got obsessed with this fraud/ponzi scheme even when Enron was out of money and bankrupt. Ken Lay thought that this would in turns help them get back on their feet but he kept making the company go deeper and deeper into the hole where there was no chance of coming back up. Some of the head people in charge saw what was going on and took a couple of millions and bailed out just in time. For the rest of hundreds and thousands of workers, they lost everything and all the money they ever had. Everyone else lost
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