I believe much much less crooks than Enron and their investment bankers.
One part of the 'power industry' - Enron, Dynergy, investment banks, and others (hedge funds mostly) managed to steal a little from consumers, but MASSIVE amounts from other utility compaies - PG&E, Socal Edison, El Paso (mixed story here) MIR, RRI, CNP, AES, TE, and their stock holders, bond holders, and banks.
All these companies ended up almost broke, and the money went somewhere else....
Biggest issue that I see is there isn't enough investigation to stop this from happening again, to an other industry.
California government has spend most of its time blaming the victims - PG&E, etc.
Should be looking closer to Wall Street.
Look at who got the money - it ain't MIR. |
