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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: The Duke of URL© who wrote (1730)	1/30/2002 12:33:02 PM
From: JBTFD	Read Replies (2) \| Respond to of 5185

<<Apply SEC principles to campaign rhetoric. Hold politicians responsible for lying like officers of a publicly traded corporation>> LOL I thought the courts were already overcrowded. : )

To: The Duke of URL© who wrote (1730)	1/30/2002 12:45:33 PM
From: JBTFD	Read Replies (3) \| Respond to of 5185

story.news.yahoo.com <<Robert McCullough, a consultant whose clients include several Northwest utilities, testified that in the week after Enron announced its bankruptcy, the "forward price" of electricity in the West fell sharply. Enron had been a key trader in this market, which is used as a hedge against future power price changes and is unregulated. "That certainly raises the question about whether Enron was manipulating the West Coast market" by keeping prices artificially high, Sen. Ron Wyden, D-Ore., said in response to the consultant's testimony.>> This is a quote from a Yahoo News article. It summarizes my suspicions about derivatives and large companies like Enron. Does the leverage that derivatives provide allow a major player like Enron to de-facto manipulate or control a market?