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"Enron, the Smartest Guys in the Room" Well, I just saw this movie: Enron, the Smartest Guys in the Room, and I think u should c it 2! Guess where the rolling blackout in California came from a few years ago?! That's write! Enron!
C, they had this new way 2 make money, which was basically saying that the money they projected they would make from whatever new project they were starting, they already had! Like, if I bought a corner store and figured that in five years I would b making around $60,000/yr off it, I would put that in my net worth 4 this year! It's the coolest thing: mark to market, the Enron guys called it. And if u r Enron, selling and trading your stocks all the time, this new kind of money making really works! But I guess they got into some troubles when their predictions 4 there corner stores got wilder and wilder. So they got the state of California to deregulate the power, then they started turning off the power plants they owned. After that, they'd up the price of power astronomically and cash in! PARTY!! Luckily, Kenneth Lay, Chairman of Enron, was a Houston oil guy who was buddies with George Bush (and Enron coincidentally made huge contributions to the Republican Party just as George was running 4 President. George liked 2 call him "Kenny Boy.") Also, the head of the Federal Energy Regulatory Commission was a friend of Kenny Boy's, that he had recommended for the job. So when the people of California started asking 4 a recall of there governor over the energy crisis, there wasn't much the governor could do other than get mad at the Enron guys. As a side of notes, 1. The Enron guys met with Schwarzenegger 2, just b4 his campaigning 4 California governor began (but after it was known what they done 2 cause a energy crisis). 2. Enron crashed write around Sept. 11, 2001. 3. When it finally went down, employees came 2 work 1 day, only 2 b told they had 30 minutes! 2 get their things and leave. 4. As I right this, trials 4 Kenneth Lay and Jeffrey K. Skilling r going on. 5. Enron employees, who lost there pensions and 401 k plans, have sued the company, but no decision is made yet. It is an interesting dilemma: should the employees be held responsible at all? Here's an interesting article about homelessness. It says that use of social support services does not follow the elliptical curve we tend to think things follow, but that it follows a relatively flat path, except for a spike at the end. So, most services are used by a chronic few. The same holds true for bad cops in the LAPD, according 2 this article. So, a few bad cops, and a few chronic homeless people are all that need 2 b addressed 2 drastically address the problems. Interesting. It's probably the same with the Enron guys, and maybe some (governments) in general? By Malcolm van Delst Here's some more Enron reading: http://www.paulkienitz.net/enron/ and the article on homelessness: http://www.newyorker.com |
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