Burned
Jun 7th, 2004 • Posted in: What They're Saying“Burn, baby, burn.”
– Enron energy traders singing to news that a forest fire had shut down a major transmission line into California, boosting energy prices and company profits. The traders’ gloating was caught on audiotapes obtained by CBS News, which released outtakes last week. According to the report, the tapes, which implicate Ken Lay and Jeffrey Skilling, “also confirm what CBS reported years ago: that in secret deals with power producers, traders deliberately drove up prices by ordering power plants shut down.” (“Enron Traders Caught On Tape,” CBS News, June 1)
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