The special about this was on MSNBC the other night on American Greed or something like that. It was amazing and it is amazing that more folks did not go to jail. The big banks were full in on this scam too. They had recordings of the energy traders making jokes (like Ben said) about cleaning out grandma and how much money they were making and planning to retire by 30. When the forest fires derated a transmission line due to the heat of the fire, they (the guys on tape) were laughing and cheering for more fire, thus driving up the value of the line and making their high priced generation more palatable. The traders were making so much money it was hard for them to go home because they knew they were "losing" money for every deal they didn't do. Being in the public power industry it saddens me to hear people talk like that and shut off equipment just to inflate the price, basically holding power for ransom. In my opinion, the power industry ran pretty well up to this point and there was no need for deregulation. I would like to see how the few politicians, who ramrodded this, profitted from deregulation. With the money Enron was "making" I know they slid some up towards DC.
Sorry to hear about your father Richard. It is sad that there are scum out there, who are really nothing more that real life Gordon Geckos, that care nothing about the working individuals.
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