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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.


Line chart showing the gradual fall (illustrated by a red line) from a maximum of $90 to evenutally less than a dollar.


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.