On December 2, 2001, Enron Corporation has filed for bankruptcy. On December 5, 2001 Investor's Monthly approaches you again to ask you to describe the economic events that led to Enron's Bankruptcy. Investor's Monthly wants you to make reference to your comments in the first article while focusing primarily on what additional information was disclosed in Enron's first, second and third quarter.

Answer the following questions: 

1. What were the facts behind Enron's bankruptcy? 

2. What were the economic events that led to Enron's failure?

3. Should Investors have been able to see this coming, especially if they had read your April 2001? 

4. What actions, in any, could management of the company have taken to hold off bankruptcy?