Enron Comes clean on Claif Energy shortage and cost!

Remember all those saying the Power shortage and cost was due to Federal regulation? Well:
http://www.cbsnews.com/stories/2004/06/01/eveningnews/ main620626.shtml

Enron Traders Caught On Tape

LOS ANGELES, June 1, 2004

ENRON'S INTERNAL MEMOS The Federal Energy Regulatory Commission released two Enron memos describing company plans to inflate energy prices during California's energy crisis of 2000. The practices were considered so outrageous, that an attorney with the California Public Utilities Commission dubbed them a 'smoking gun memo.'

(CBS) When a forest fire shut down a major transmission line into California, cutting power supplies and raising prices, Enron energy traders celebrated, CBS News Correspondent Vince Gonzales reports.

'Burn, baby, burn. That's a beautiful thing,' a trader sang about the massive fire.

Four years after California's disastrous experiment with energy deregulation, Enron energy traders can be heard – on audiotapes obtained by CBS News – gloating and praising each other as they helped bring on, and cash-in on, the Western power crisis.

'He just f

Hmm Donald?

They didn't 'come clean'. They 'got caught' standing over the body with a smoking gun. Somehting of a different thing morally.

They also got caught on tape, laughing about it. It's bad to manipulate the market to steal peoples' money. It's REALLY bad to laugh about it on audio tape as you are doing it.

That is 'bad' I agree. Charlie. You are almost becoming less of an amoral capitalist pig. What happened? You 'socialism' get the better of you?

No. That is not 'bad'. That is just gross and stupid. The 'bad' was the crime itself. Some people confuse crime with 'getting caught' rather than their actions.

Ian, the evidence is difficult to deny. I have much more of a tendency than you to give corporations the benefit of the doubt, but the taped conversations played on the news leave little doubt that price manipulation and price gouging were a normal part of Enron business.

You mean you only admit that the corporation may be all about the money when you have your face rubbed in it?

As they are in most corporations. The ONLY difference is that Enron got caught, and didn't have enough political pull to get it buried like Exxon would ( see court settlement of Exxon Valdez disaster, still not paid after all this time). Corporations, who owe nothing to 'nobility', only to the bottom line, breed a corporate culture that is amoral and ruthless. There are a few corporations that are striving to be 'good citizens' but they are really bucking the natural trend.

Non-sequitor. Corporations are ALWAYS about the money. If you misinterpreted my statement, I'll say it again: CORPORATIONS ARE ALWAYS ABOUT THE MONEY! Whether or not my face is 'rubbed in it' doesn't change that. You are, of course, implying that they should be about something else. What would that something else be?

Leading you to conclude that socialism is the only answer?

Why? It's a Libertarian's Paradise.

Hence their criminal nature.