The REAL Cause of Enron’s Collapse

When energy giant Enron imploded in scandal and financial ruin, too many described it as a tale of political cronyism, greed and whatnot. The truth was deeper than that: Enron collapsed because it had turned itself into the poster child for what is wrong with the fractional reserve system and Wall Street as institutions.  In short -- far from being simply an energy company -- Enron had been turned into an out-of-control hedge fund...and with the blessing of Alan Greenspan and others.  Here's the story:   THE REAL CAUSE OF ENRON