Enron's collapse in late 2001 becomes the largest corporate bankruptcy in U.S. history, and this film tracks how far the damage spreads beyond one company. On June 15, a Houston jury convicts Arthur Andersen, the 89-year-old accounting firm once considered the gold standard of auditing, for obstruction of justice in the Enron investigation. The film uses that verdict as a hinge, showing how Andersen's fall exposes a wider pattern: more than 700 U.S. companies had to restate misleading financial statements through the 1990s, and Enron alone is part of an estimated $200 billion in investor losses. Congressional hearings and proposed legislation follow, but nothing passes both chambers, so SEC Chairman Harvey Pitt steps in on June 20 with his own proposal for a new Public Accountability Board. Critics question whether Pitt, a former Wall Street lawyer for the accounting industry he now oversees, can regulate his old clients. The film sits inside that unresolved standoff between reform promises and industry pressure, with no law yet signed.