You remember the miraculous recovery of the economy right after S(l)ick Willie testified before the grand jury? If it weren't for that, he may well not have survived.
At the same time, not only was Greenspan in the midst of pumping massive amounts of money into the markets through interest rate cuts, but most of the companies that are accused of cooking their books started cooking their books.
81, excellent post. Thanks for the memory.
bump for later reading. Citigroup facilitated a circle (jerk) of trades that essentially amounted to Enron lending money to itself.