[Dog Gone]

The California power crisis had nothing to do with why Enron went bankrupt. As the middleman for power sales, they made money whether the price of power was going up or going down. It made no difference to them.

True, California still owes them some money, but it's insignificant to what happened to that company.

[Mind-numbed Robot]

As the middleman for power sales, they made money whether the price of power was going up or going down.

Do you mind giving us economics challenged folks an explanation of that? A couple of examples will suffice. Keep in mind that the sales price to the consumer was fixed and that many of the steps normally in play in a free market were frozen by law.