Enron: Where did the money go?

I was googling around on the subject and ran across a Washington Post chat with reporter Bethany McLean from 2004. McLean says,

There really wasn't any money or property left. Enron's creditors are getting about 20 cents on the dollar; stock holders were left with nothing. the only people who made money were the execs who sold stock and the wall street firms who made millions in fees from enron.

Okay, I'm sure our intrepid reporter looked really hard. Also from the same chat is this gem,

I think energy deregulation has definitely lost some of its luster! just look at california. as for other forms of deregulation, I don't think they've lost their luster. unfortunately, no one has rescinded glass steagall yet!

Huh? The internets all say Glass-Steagall was repealed in 1999. I hope her Enron reporting was better informed. Also, one has to wonder whether her low opinion of G-S has changed with recent events in the banking world; will we be seeing "The Smartest Guys in the Room Part 2"?

Well, I still don't know where the Enron money went. It is hard not to be skeptical of Ms McLean's claims, however. Was the spaghetti web of offshore partnerships intended to be an accounting fraud to help pump up the stock price, or was it a cover for extracting cash out of the business?