Mises Daily
Author:
Dale Steinreich
Online Publish Date:
One year ago, the Enron Corporation filed for Chapter 11 bankruptcy protection. Little did anyone know what was to follow: bankruptcy filings by Kmart (Jan. 22), Global Crossing (Jan. 28), Adelphia (June 25), and finally WorldCom (July 21), the largest bankruptcy in U.S. history. This is not to mention the deluge of other corporate scandals