Enron: The Smartest Guys in the Room

[judasmachine]

Originally posted by: aidanjm
Bush did magnify the problem in california (the energy crisis) by refusing to curtail Enron's raping of that state via their manipulation of the energy market. but the basic problem with enron seems to be that it was a house of cards, not really making or producing anything of value, and basically using creative (illegal) accounting practices to give the impression it was making huge profits.

yeah i still have yet watch it, but am looking forward to it.

 

[aidanjm]

Originally posted by: judasmachine

Originally posted by: aidanjm
Bush did magnify the problem in california (the energy crisis) by refusing to curtail Enron's raping of that state via their manipulation of the energy market. but the basic problem with enron seems to be that it was a house of cards, not really making or producing anything of value, and basically using creative (illegal) accounting practices to give the impression it was making huge profits.

yeah i still have yet watch it, but am looking forward to it.

It's screening now on channel BT, I hear

 

[outriding]

Originally posted by: ntdz

Originally posted by: jpeyton
Awesome movie. Definitely a must watch.

I love the ties they drew between Enron and the Bush administration.

Considering 95% of the crime committed occured under Clinton, and the Bush admin is the one that uncovered the scandal and put them in jail...I'd say they did a better job on Enron than Clinton.

So would care to explain to me why Clinton vetoed a bill that would limit

restricting suits over stock market frauds

Then the bill went back to Congress and they overidden Clinon's veto.

Nevermind the where the link came from just look at the material.

 

[aidanjm]

The shocking thing is that the "energy crisis" in California, which brought down the democratic governor, was created by Enron. Enron traders took entire power plants "off-line", to cause an artificial energy shortage, which caused prices to jump and allowed Enron energy traders to basically steal over 2 billion dollars from California. And then of course you get a Republican replacement governor Arnold. Fvck knows what people were thinking voting that corrupt pr1ck in, he's just as evil as Ken Lay's cronies at the federal level. The documentary is just a total eye opener on how there is intimate cooperation between the highest levels of government and business, to feather the nests of wealthy and corrupt individuals like Ken Lay, George W. Bush, etc.

 

[WhipperSnapper]

Originally posted by: Aisengard
I bet there were employee suicides when the company screwed them out of their entire life.

If these guys aren't in police custody, it's amazing that no one has tried to pull a Clockwork Orange on these guys. You'd think their bodies would have been found out in the woods, hanging up on a cross, crucified.

 

[novon]

Justed watched it, amazing how all this happened without anyone ever questioning them until it was too late. Deffinetly rent it!

 

[Whoozyerdaddy]

Originally posted by: novon
Justed watched it, amazing how all this happened without anyone ever questioning them until it was too late. Deffinetly rent it!

Not really that amazing if you think about it. You have to remember the environment this all happened in. The stock market in the late 90's was shooting up like a rocket. In an environment like that nobody cares how it's being done so long as they are making money hand over fist.

It's easy to take advantage of someone's greed... Especially when (A) the more they make the more you make and (B) asking the questions you know you should be asking might kill the golden goose. That is how you take advantage of greed... make the deal so sweet that people stop asking questions.