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Committee on
Energy and Commerce
2125 Rayburn House Office
Building, Washington, DC
20515
Phone: (202) 225-2927 Contact Us »
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NEWS RELEASE
COMMITTEE ON ENERGY AND COMMERCE DEMOCRATS
Congressman John D. Dingell, Ranking Member
For Immediate Release
November 29, 2001 |
Contact:
Laura Sheehan
202-225-3641 |
Statement of Congressman John D. Dingell on Enron
"Enron went from the number seven company on the Fortune 500 to a
penny stock in a stunning three weeks because it apparently lied for years in its
financial statements. Where was the SEC? Where was FASB? Where was Enrons audit
committee? Where were the accountants? Where were the lawyers? Where were the investment
bankers? Where were the analysts? Where were the institutional investors? Where was common
sense? These are a few of the questions I intend to pose to the appropriate suspects over
the next few weeks.
"This problem is not limited to Enron. There are likely other ticking time bombs
out there with smoke-and-mirror earnings. Our accounting and auditing system and its
oversight are seriously broken and need immediate reform."
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Prepared by the Committee on Energy and Commerce
2125 Rayburn House Office Building, Washington, DC 20515
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