WASHINGTON, DC — Senator Joseph Lieberman (D-CT), chairman of the Governmental Affairs Committee, together with Senator Carl Levin (D-MI), chairman of the Subcommittee on Investigations, announced an investigation into the failure of energy trading company Enron.
“The suddenness with which this company fell is shocking,” stated Lieberman. “When a $77 billion company loses nearly all of its market value and plunges into bankruptcy in a matter of weeks to the surprise apparently of everyone, including those whose business it is to know better, the public’s confidence in the stock market is shaken.”