Posted 2 years ago on Dec. 2, 2011, 5:04 p.m. EST by DUBIETAS
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On this day in 2001, Enron Corporation filed for Chapter 11 bankruptcy sparking one of the largest corporate scandals in U.S. history. In 2000, The collapse liquidated $2.1 billion in employee pension plans. GWB had described CEO Ken Lay as a friend only later to refer to him as an acquaintance.