Remember when a financial calamity of economic collapse happened under a democratic president?? ...Me neither. Herbert Hoover: Great Depression. Ronald Reagan: S&L Scandal. 32 Criminal Convictions. George Bush. Enron. Great Recession.
Enron Scandal Revealed. In the months following 9/11, the illegal activity caught up with Enron and the company failed. Enron stock holders lost nearly $11 billion, and the resulting scandal marked the largest bankruptcy reorganization in American history at that time.