|Front Page | In-depth | Business | The Enron affair|
| October 2001: Enron crashes|
Stock market panic as a giant falls
26 - 29 Oct
Things were looking desparate. From his lonely position at the top of a crumbling mountain, Kenneth Lay made a series of telephone calls to Washington for help. First he called Alan Greenspan, head of the Federal Reserve. Two days later he spoke to the Treasury Secretary Paul O'Neill, reportedly in a failed attempt to garner support ahead of an appeal to creditors. Finally he tried Commerce Secretary Donald Evans, a Texas oil millionaire himself. No help was forthcoming.
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