"Enron the company was doing lots of good and innovative things in the marketplace as TFA shows."
I don't know about that. You should watch an excellent documentary by the title 'Enron: The Smartest Guys in the Room'. The impression I get is that almost everyone at Enron knew that something shady was going on. For example, a lot of the power outages in California were due to traders calling up power plants and asking them to shut down in order to drive the price of energy up.
The entire operation was extremely corrupt and a lot of innocent people not involved with the commodity trading (employees of utility companies that Enron bought, custodians, etc..) lost their life savings. Not to mention that they dabbled a bit too much in politics (they were partially responsible for Arnold becoming governor of California, only so he could keep Energy prices deregulated).
The only reason this scam went on so long is because Enron the company was doing lots of evil things in the marketplace. Enron, as a corporation, was able to garner special status with the SEC and this allowed them to use a different kind of book keeping which essentially let them claim profits on monies not yet received.
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Are you high? That sandwhich does sound tasty but seriously, who thinks about sandwhiches when reading about Enron?
I don't know about that. You should watch an excellent documentary by the title 'Enron: The Smartest Guys in the Room'. The impression I get is that almost everyone at Enron knew that something shady was going on. For example, a lot of the power outages in California were due to traders calling up power plants and asking them to shut down in order to drive the price of energy up.
The entire operation was extremely corrupt and a lot of innocent people not involved with the commodity trading (employees of utility companies that Enron bought, custodians, etc..) lost their life savings. Not to mention that they dabbled a bit too much in politics (they were partially responsible for Arnold becoming governor of California, only so he could keep Energy prices deregulated). The only reason this scam went on so long is because Enron the company was doing lots of evil things in the marketplace. Enron, as a corporation, was able to garner special status with the SEC and this allowed them to use a different kind of book keeping which essentially let them claim profits on monies not yet received.