Encountereds. I came, I saw, I commented.

Monday, April 17, 2006

Alex Gibney - Enron (2)

The biggest corporate scandal of our time, explained. Before I saw this, I feared to see the ruthless and ingenious machinations of evil people would get me agitated without offering a way out. But to see the ruthless machinations of evil people leaves me incredulous for their lack of ingenuity, and the problem turns out not to be a few crooks, but a fundamentally flawed system. None of it should have happened, but scores of investment bankers and brokers fell for the nude emperor, because they had stock in non-clothing. Sure enough, there are a few monstrous moments, as when the Californian energy grid is played for money, but overall, it's just business as usual. How horrible.


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