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2008-03-17

Recommended documentary film: "Enron: The Smartest Guys in the Room"


I just saw the documentary film "Enron: The Smartest Guys in the Room" about how the company Enron went bankrupt due to many reasons, among them accounting fraud and draining of funds.

In short, all the employees lost their jobs, stocks, pensions and medical insurance, except for the crooked executives high up in the system, who cashed in enormous sums just before the company went down.

Enron were responsible for many unethical and criminal acts in their "business", among them the "California electricity crisis" of 2000 and 2001, when the state of California experienced electricity blackouts that led to chaos, huge personal losses and tragedies, and the price of electricity going up as high as 20 times the normal price.

(By the way, the energy crisis also led to the body builder, misogynist and - of course - republican Arnold Schwarzenegger taking over as guvernor.)

Even if I knew the facts, I was still shocked with how blatant and greedy the executives and traders at Enron acted. The clarity of the presentation in "Enron: The Smartest Guys in the Room" makes it worthwhile seeing for everyone, and it also points out how the ever-greedy Bush family were involved with and made money from Enron. Highly recommended!

Unfortunately, chairman and CEO Kenneth Lay died from a heart attack before his trial, and thus never had to stand accountable for his actions. If there is a hell, he might be there roasting slowly there forever.


Arrogant liar, CEO and COO Jeffrey Skilling was convicted to 24 years of prison, denying all knowledge of anything. Personally I don't think he ever deserves to be let back into society again, so I'd say he got away easy.


Lou Pai is perhaps the one who made the most money out of everyone involved. He got away with over 280 million dollars before it all collapsed, and he hasn't been charged or sued with anything. I seriously think someone who lost a lot of money will have him murdered at some point. Look over your shoulder, Lou.


P.S. The movie is narrated by Peter Coyote, interestingly enough.
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