Enron is the story of the month. I think it will remain in the public’s eye for months to come. The media can’t leave it alone. Neither can the Democrats in Congress. There is something irresistible about this story. It has greed, lies, scandal, heartbreak, and revenge. It is a prime-time soap opera. Compared to Enron, last week’s bankruptcy of Global Crossing hardly gets any exposure, despite the fact that it was the fourth-largest bankruptcy in U.S. history. It was selling for $60 a share in March, 2000. The market — the nearly omniscient market, which no one can beat, … Continue reading A $70 Billion Soap Opera