Enron Credibility

NPR's Jack Speer reports on the factors contributing to the decline and impending collapse of Enron, once the largest buyer and seller of electricity and natural gas in the nation. Enron handled billions of dollars a day in energy trades, until a series of financial scandals undermined its credibility. The final blow occurred this week, when its smaller rival, Dynegy, backed out of a deal to buy Enron. Financial analysts expect Enron to declare bankruptcy by next week.

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