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The lack of investing ripped the stock market, which has dropped $200 billion since the December 2001 when the company filed Chapter 11. (Saporito) This crash was noted as the most stunning bankruptcy in history.
Enron was originally a gas pipeline company. When the government deregulated the natural gas and electricity industry in the late 1980's and early 1990's, Enron took advantage. It dominated the gas, electricity, and water commerce and also commodities such as bandwidth. By the late 1990's, "Enron controlled almost 25% of all electricity and natural gas contracts traded worldwide." (Lindstrom) The company even had enough power to choose whom they wanted on the boards they had to do business with...
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