I completely agree with your investment philosophy.
However, my point was that the media attention lavished on wiped out Enron investors is in sharp contrast to the complete vacuum of attention on wiped out FNM and FRE investors.
Plus, I don't recall anyone claiming that Enron was a “safe” stock” paying a reliable dividend.
Enron looked pretty good at one time. That is the folly of going by market capitalization and reported earnings alone. They said the same thing about Equity Funding.
I might have considered Freddie or Fanny preferred at one time, but it’s been pretty clear for the last 3 or 4 years that they were not prudently managed companies.