[lbo-talk] Re: conspiracy theorists

[Leigh Meyers]

And why did Enron collapse?
Where is the scandal?
Could it be failed investments in the 'stans oil and gas
fields, leveraged at pennies on the dollar, and probably
dependent on the Unocal/Afghani pipeline if any profit
was to be shown.

I live in California, and honestly, the reason that
Enron was able to "gouge" the state is simply
because the state has been juggling the books
since Prop.13 started having an impact on the
state treasury.... rough guess, over the last 10
years. It was hidden from view by the Silicon
Valley/Bay Area economic boom, and then the
boom went bang.

California was scrimping by not buying enough
electricity futures... It was a gamble, and the state
of California lost.
Gotta blame someone... Couldn't be *our* fault!
True addicts... Energy addicts.

[value/opinion = $0.02]

====================================
---- Original Message ----
From: Lou Johnson
To: lbo-talk at lbo-talk.org
Sent: Tuesday, August 31, 2004 4:40 PM
Subject: [lbo-talk] Re: conspiracy theorists


> HOUSTON (AP)
> 
> A former executive from Enron Corp.'s defunct high-
> speed Internet unit pleaded guilty Tuesday to one
> count of conspiracy related to the scandal-choked
> company's collapse.
> 
> Kevin Hannon, 44, chief operating officer for Enron
> Broadband Services...
> 
> 
> 
> 
> 
> 
> 
> 
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