Enron and more
December 26, 2005 8:41 AM Subscribe
Corporate Scandal 2006. The year of Enron. Some articles (and at least one documentary) attempt to outline the size and proportion of the economic, financial and political dimensions of the scandal involving notorious names. As Sam Buell, a former federal prosecutor with the Justice Department's Enron Task Force puts it ""The deepest, most complex, most system-related case would be the last one to be resolved in all of this". Meanwhile Calpine company operating 90 power plants in U.S.A. recently filed for Chapter 11 bankruptcy protection with debts measured in billions of dollars. Among other problems the company wasn't able to predict negative consequences of an increase of natural gas price on at least eight significant contracts. (But hey they're new to this gas market things, it's my first day at work and I signed eight big contracts ! D'oh !). Who routinely gets it up the arse ?
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