badgenome on 31 August 2012
| sethnintendo said: Deregulation of California's energy market worked out so well for them.... You gotta give companies like Enron a chance to scam millions while they cook their books before they fold. |
The whole problem was that Enron cozied up to the regulators and got them to leave them alone. So the problem wasn't deregulation but corruption and a lack of enforcement of pre-existing regulations. As it was, Jeffrey Skilling alone faced 35 counts and will be spending the next 16 years in prison for what he did. Would it really be more satisfactory if he had faced 36 or even 360 counts?
