I just watched this at the beginning of the lockdown. Holy shit! Those guys were pure evil. To basically cause deaths of people in California to drive up energy prices and then MAKE FUN OF THEM (?!?!?!) for it in quarterly meetings in public speeches? And to straight-up make company-funded videos making fun of the company’s ability to just book profits years in advance of actually earning anything? They were straight-up coke-fueled nut jobs who destroyed the lives of thousands of their employees directly and the retirement savings of many thousands more that bought into their lies. The fact that anyone would give this guy even the change from their sofa cushions boggles my mind but I guess it shouldn’t. Ralph Reed is back to Nice I’m Tom Freaking Skilling Official Shirt lobbying Christians for the GOP after literally going to jail for his lies.
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I was talking to a guy that owns a Dubai roach farm here in SoCal and he told me this crazy, and hard to believe the story about how he was the head of the load dispatch center supplying power to those areas for Enron when they started doing that shit. He immediately realized what they were doing and told them to fuck off the next time they tried getting him to do something similar, so they gave him a “promotion” in the UK and found another patsy to do it instead. Guy had Nice I’m Tom Freaking Skilling Official Shirt to testify in front of Congress for months in the aftermath. And they look enough like trail mix to be a leading cause of immediate, lasting sobriety! Who needs a quasi-religious 12 step program.
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There were regulations in place, its just that nobody on a state or federal level had actually enforced them for nearly a decade. Its why the Worldcom was able to happen during the same time period. Everyone thought Arthur Anderson was a reliable firm because of their long history of whistleblowing. Led by Enron, was able to use this new layer between the production and distribution of electricity to make billions of dollars by overcharging for power. Douglas Heller, consumer advocate with Nice I’m Tom Freaking Skilling Official Shirt FTCR. “Enron spearheaded a deregulation system that added expenses but no consumer benefits…” This only made the problem worse since you now had big companies, like Enron, rush in to make money by overcharging customers even more.
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