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Unformatted text preview: strain on the United States economy. And this was all due to the fall in the value of Enrons shares. As the prices of Enron's shares dropped, the CEO of Enron kept on saying that the prices will rise again, so the investors didn't sell their shares and as Enron declared bankruptcy, the investors suffered a major loss. Also, as Enron collapsed, many lost their jobs, and many lost their confidence in the credibility of the corporate. Investors probably doubted other companies of doing the same things as Enron, and this would have hurt all the companies' finances. Bibliography "Enron." Wikipedia . 4 Jul 2008 < http://en.wikipedia.org/wiki/Enron >. "Enron Scandal." Wikipedia . 4 Jul 2008 <http://en.wikipedia.org/wiki/Enron_scandal>. BBC, "Enron: Timeline ." BBC News . 4 Jul 2008 <http://news.bbc.co.uk/hi/english/static/in_depth/business/2002/enron/timeline/default.st m>....
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This note was uploaded on 07/15/2011 for the course AFM 102 taught by Professor Aa during the Summer '07 term at Court Reporting Institute of Dallas.
- Summer '07