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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Henry Volquardsen who wrote (1032)12/4/2001 5:06:44 PM
From: Paul Berliner  Read Replies (2) of 2794
 
Hi Henry. Hope all is well. I just wanted to add my two cents that I think Dynegy purposely f-cked Enron huge. They never had any intent of acquiring Enron. They feigned acquisition interest to get a look at the trading books, then went the other way on all of Enron's positions and made a bad situation for Enron even worse. That's what I think pushed Enron, the sixth largest company in the world in terms of annual sales, into the abyss. While Dynegy's actions are despicable, considering how many people Enron employs and Dynegy's full knowledge of the repercussions of its actions, business is still business and what Dynegy did is probably perfectly legal.
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