Patrick's Rants


Enron: The Smartest Guys in The Room

Filed under: On video,Reviews — site admin @ 8:11 am

If there were ever a time to use the word “wow” when referring to a movie, this is it. When we popped this movie in I thought it was going to be about Ken Lay, Jeff Skilling, et al and how they brought a great company to its knees and finally to bankruptcy leaving 401(k)s raped of all value and thousands out of work. What this movie is about is far worse, far more sinister than I could have imagined and is just plain stunning in its depth of corruption.
Since I hadn’t done too much research into the “rolling blackouts” in California the revelations in the film are jaw dropping. Enron single handledly created artificial power shortages causing the price of electricity to rise to absurd levels. There are recorded phone conversations from Enron electricity traders calling power plants to tell them to take the plants offline or reduce capacity for three to four hours at a time. Traders routed electricity through underrated junctions to limit the amount of juice flowing into the state and Kenny Boy as Bushy Boy (and Kenny Boy’s wife) calls him – convinces the White House to stay out of what is clearly a large scale manipulation of the energy markets. The net result of that is to push Gray Davis out of possibly running for President and instead to get elected a man who seems to be supportive of the Republican White House (and a possible Presidential contender if they could only get that pesky Constitution changed).

The fall is all the more stunning due to the heavy involvment of Bush Jr. and Bush Sr. in the company as well as the heavy contributions to both of their campaigns. The revelations are even more stunning than Farenheit 9/11. The tendrils of corruption that truly go all the way to the top are disgusting, surprising and totally unexpected to me.

Unfortunately, the repurcussions will no doubt be minor in comparision to everything that the American people have given this administration a pass on…

This is definately a movie to see. I will probably be getting the book and reviewing that as well.

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