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Politics : The Donkey's Inn
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To: E. T. who wrote (1239)12/1/2001 5:10:36 PM
From: TigerPaw  Read Replies (1) of 15516
 
I've been thinking, and I think that the person who is most responsible for the Enron collapse is Gov. Grey Davis of California. Enron made a big push to force the utilities of California to buy & sell and look for suppliers all in the goal of making many many trades on their energy trading system. Gov. Davis solved the crisis with long term energy contracts and Enron's middle man role became superfulous. Nobody else wanted to trade with them after they saw how they manipulate the market, so their little empire collapsed.
TP
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