Summary of Enron: The Smartest Guys in the Room
In the documentary Enron: The Smartest Guys in the Room, director Alex Gibney tells the story of the fall of the energy company through a series of stories on the characters involved, using a lot of archival videos. Enron was basically a Ponzi scheme, and the scandal was similar to the Bernie Madoff saga of 2008, which was another conspiracy, based on exploiting deregulation and preying on investor greed. The timing is also interesting. Madoff’s scheme fell apart during the recession of 2008, while the Enron bankruptcy occurred right after the “dot-com” bust of 2000. As long as the economy was ...
