Power Failure: The Inside Story of the Collapse of Enron Review

Power Failure: The Inside Story of the Collapse of Enron
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I loved this book. I tried diligently to follow this story as it unfolded in real time in the newspapers. As someone not in the finance industry, I knew it was important but found it near-nigh impossible to understand what had gone wrong and how. In this book, Mimi Swartz provides an insider's look (thanks to Sherron Watkins and many other Enron folk) while still maintaining equipoise. The complex financial instruments that were at the heart of this disaster are explained simply and elegantly. I also learned that, like the Milken/junk bond fiasco, the Enron disaster started with fundamentally important business innovation that is likely to remain with us. Bottom line: I couldn't put it down.

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