On October 21, 2001, one of the largest energy companies in the world filed for Chapter 11 bankruptcy after restating their earnings report for the past two calendar years. Enron, the energy conglomerate had to restate its earnings because of severely inaccurate book keeping of nine billion dollars. Clearly, the U.S economy had heroic success during the mid to late 90's. More specifically, the economy had grown because of the influx of the modern technology, extremely low …
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…is more obvious in the financial markets by way of the stock market indices losing more than 35% of its value over the past two years. Bibliography Benjamin, Matthew, (2002). U.S.News & World Report. New York: Periodicals Cheeseman, Henry, (2002). Contemporary Business Law. New Jersey: Prentice Hall Publications. Ehrenreich, Barbara, (2002). Nickle and Dime. New York: Metropolitan Books. Fox News, (2001). Lawsuits: Enron Earnings Restated. New York: Associated Press. Trevino, Linda, (1999). Managing Business Ethics. New York: Wiley Publications.