Enron: The Smartes Guys in the Room Critique

Yep, and instituted new regulations (including retail price controls–one of the MAJOR factors for the crisis) on other parts. Thank you very much for admitting that it’s the fault of government.

Now then, if you have anything of import to say, I suggest you say it. Otherwise, you’re sliding toward the door. Lying will not be tolerated, do you understand? If not, leave now.

  1. Stop making attacks you can’t back up. (personal attacks your only MO)

  2. Your lying and I am going to prove it. (Where you just like to make baseless attacks, I will back mine up)

  3. Here is a copy of the originial Bill.

http://www.leginfo.ca.gov/pub/95-96/bill/asm/ab_1851-1900/ab_1890_bill_960924_chaptered.pdf

Here is some of the important language that proves my assertion beyond denial.

Regulated IOU rates for agricultural, residential, industrial, and large commercial customers were frozen at their June 1996, levels until utilities recover their generation related uneconomic costs through the competitive transition charge or until March 31, 2002, whichever is earlier

Starting January 1, 1998, rates for residential and small commercial customers (defined as 20 kilowatts or less peak demand) were reduced by 10 percent and will remain at that level until utilities recover their generation related uneconomic costs through the competitive transition charge, or until March 31, 2002, whichever is earlier.

This[Generation Services] is the only portion of electricity restructuring that is open to competition at this time.

  1. In irrefutible conclusion: The price freezes and mandatory price reductions were in the original bill. The fact that only generation was being deregulated was in the original bill. Therefore, For Thomas DiLorenzo to say that we would see “Initial savings of $40 billion” and later say “I got it wrong because california had price freezes and energy regulation” is totally intellectually dishonest. All that language was in the bill. Why didn’t he predict failure and higher prices?

  2. I invite anyone to read this all for themselves, do their own research and determine who is lying here. Me or Knight_of_BAWAA, the answer will be perfectly clear.

Ixtellor

P.S. I wonder if you will delete the post because it soo clearly demonstrates you were wrong.

I haven’t. And you’re gone. See you in 3 days. If you haven’t shaped up by then, it will be permanent.

Wasn’t that too harsh? I found Ixtellor’s comments to be quite intriguing. Why ban him instead of looking at the details?

Are you sure he was working from the final copy of the bill? It wouldn’t be unusual at all to have a release or proposal that changes.

I concur.

No.

Why the ban? I don’t get it.

Because he refuses to actually address anything but side issues. I’ve seen it in every thread he’s in. He’s been trolling and lying for too long.

End of discussion.