Most of the blame for bankrupting California belongs to California.
Has it occured to you that perhaps the other 99% of the people that worked there simply had nothing to do with the scandal, they were the secretaries, janitors, mail room staff, drivers, etc. that were simply going to work each day and doing a job.
Of course it occurred to me…and that’s the point…By NOT arresting and prosecuting the WHOLE company the WHOLE company are NOT people. They are made up of individuals…but the company as a whole is NOT a person…and you just proved they are NOT treated as ONE person…Thank you…
So what’s your point, that a collective gives up its freedom of speech if they form a corporation?
By the way, the “BIG EVIL GREEDY CORPORATION” that brought that case to the Supreme Court was a small non-profit corporation known as Citizens United who claimed they had just as much right to make a movie critical of Hillary Clinton as Michael Moore had to produce “Farenheit 911” which was basically one big long anti Bush attack ad masquerading as a movie.
The Federal Regulation energy commission reported that Enron created real and imaginary energy shortages in California and bilked the State Govt. Out of billions, that’s billions with a “b”, dollars. BLE, if that isn’t a significant part in the bankrupting of California you are in the State of Denial and not California. California pleaded with the Feds. of the Bush administration to intercede, but the free trading mindset set the stage for a decade of red ink that even Arnold could not change after winning an election based upon the contrived fiscal incompetency of Gov. Davis at the time.
Did it bilk “the state of California” out of billions or did it overcharge California’s energy consumers out of billions. It’s the State of California that’s bankrupt, not Californians.
So you think there is a distinction? California as a state in it’s requirement to supply electricity to homes, hospitals and businesses were directly affected. Californians themselves loosing money in billing to outside energy sources ment that money " leaves the state" and it’s economy. The State Govt. In direct billing, lost tax revenue and increased govt. assistance program cost, lost enough in that Enron experience to bankrupt them. That’s economics., that’s fact.
And your mind set is, it’s ok for all customers to be bilked in the name of unfettered capitalism ? That 's the opinion of the Feds who prosecuted but could not recover or reimburse California for it’s looses. As often happens, this money ultimately is unrecoverable in overseas investments and payouts.
So what’s your point, that a collective gives up its freedom of speech if they form a corporation?
My point is…corporations are NOT people…and should NOT be treated as such. And if they were then when a company commits a crime the WHOLE company should be jailed…(Which obviously it isn’t). Corporations want to be treated like citizens but take NONE of the responsibility for their actions…Sorry I don’t buy it.
BLE, “Farenheit 911,” like the rest of Michael Moore’s films, are nothing but propaganda films. There, now that we’ve agreed to that, let’s drop this distraction from the topic at hand.
Enron CAUSED California’s rolling black-outs in the late 1990s in an effort to drive up the price of energy. It’s been proven.
Yes, a good share of California’s problems are self-imposed, but how does that justify what Enron did? Would you like to explain that to me?
Trying to drive up the cost of energy? Why those swine! Just who do they think they are?, the Service Employee’s International Union?
Blaming Enron for California’s fiscal problems is a lot like blaming an avalanche on the last snowflake that fell on the mountain.
Who blamed Enron for California’s fiscal problems? I blamed Enron for California’s rolling blackouts in the late 1990s. Those are two different issues, aren’t they?
This tactic of changing the subject is wearing thin.
Though California had an economy in distress regardless, according to the govt agency who successfully prosecuted Enron, there were 40 to 50 billion dollars in over charges to both the state govt. and citizens of California. BLE probably thinks that as in significant as going into Iraq is to our present economic crisis. All of these happenings have a direct bearing on energy consumption, both contrived by Eron and real by the US military, the single biggest energy consumer in the entire world. Rewriting history or burying our head in the sand in an attempt not to bring out the obvious in a debate, never leads to reasonable arguments…by either side.
They aren’t two different issues.
BLE just doesn’t get it. Free market pricing for profit is reasonable for energy company. Deceiving the customers and regulatory authorities by using contrived happenings to get around their civil responsibility, is not. BLE needs a civics lesson.