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Enron and the Banks

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Enron and the Banks

Enron and the Banks

Enron and the Banks

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  • <iframe src="https://www.npr.org/player/embed/1148486/148486" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The fallout from Enron's financial deals continues to snare more corporations in its destructive web. Merrill Lynch, J.P. Morgan Chase and Citigroup are the latest, accused of engaging in sham transactions that allowed Enron to artificially inflate its profits and conceal its debt. As NPR's Wade Goodwyn reports, the deals have exposed these three Wall Street firms to billions of dollars in legal claims.