The Smartest Guys in the Room - California and Traders

[stantheballer]

Traders are amazing.

[freedomsoldier187]

free enterprise, how about a free stoning ?

[lordhighexecutioner]

This proves that capitalism does not work. It is highly inefficient to have these people shut the power plants - the incentive system did promote this.

[tubub]

@lordhighexecutioner

California's fucked up system promoted this. Capitalism sometimes needs to be regulated, but it's the most innovative system

[eazynwa8]

what is the song name in the start

[Ilissill]

Free market advocates = naive d bags

[Joe402]

Nationalize the energy industry.

[sweetsong13]

I just love Tim Belden Halloween costume, it shows a confidence of the master mind of enron scheme. I know it's bad, but definitely powerful

[pcribas1]

hello,,, what is the name of the song at the beginning of the video

[abhi5a]

i wish i was a trader

[suprafan99]

This was a great movie, These guys really were smart. Ruthless, but smart as hell.

[abhi5a]

@suprafan99

everyone wishes they were them... the real gordon geckos of the world...

[01CanesrdGOAT]

What a bunch of fucking Scumbags.

[destin325]

oh my...its a 7 min clip from an entire movie....and yet everyone is jumping all over the place shitting bricks and drawing conclusions...go watch the ENTIRE movie then actually have something to talk about rather than your opinion from an 7 min excerpt.

[gopconservative78]

Greed is Good....see what happens when you elect idiot Democrats

[amazingyou1uber]

@gopconservative78 Are you that fucking retarded?

The whole fucking idea of being a conservative is to be business-friendly that ofcourse includes good businesses (which can't last long) and bad companies like Enron.

[kachaso]

@gopconservative78 did you work for enron?u sound bitter about this exposure.

[gopconservative78]

@kachaso nope just enjoy people destroy weak idiots.....

[fal2grace]

excellent vid! thank you.

[debtruth1]

those traders sure knew how to rationalize their sins.

[mythicshadowz]

ENRON meant N Ron or No Energy.. hahaha

[travelthere101]

Wow.

[crazyindian8]

Its like these traders are movie villains. The "love to hate" funny movie villains you see in summer blockbusters. The disgusting thing is that this is real.

[Skromfield]

@crazyindian8

I think "disgusting" is the most fitting word indeed...

[Jaymz5555]

@Skromfield

I want to lynch these traders

[VaeVictis06]

Let's see conservatives and supply-siders try to blame this on "big government" and those rotten politicians.

This is the legacy of years of deregulation and privatization, just as the Great Depression was the result of the "small government" attitudes of the 1920s.

The government isn't at all perfect, but openly calling for the removal of oversight, duty to the public and, yes, regulations, is even worse.

[trakrekkid]

this was the best part of the film... listening to those traders push the power plants to "get creative" with reasons for shutting down the plants... pricks...

[oberlindea]

Love it!

[Bruchfest]

I think you need a pretty weak mind to see this as an indictment of the free market. Governmental "privatization" or "deregulation" means the state is giving contracts to politically connected firms. The people of California didn't choose Enron from among competing firms. The state gave Enron a monopoly, and Enron naturally and rationally exploited it.

[trakrekkid]

I agree that it's not an indictment of the free market but you need to consider the particulars involved. enron was granted a monopoly not strictly because of political connections (although they had those, kennyboy and bush etc) but because they fraudulently positioned themselves as the most capable firm, and coz of the minimum efficient scales it *had* to be a monopoly arrangement. in situations where MES requires monopoly it's best left up to the state - any economist would agree with that.

[Bruchfest]

I'm an economist and I disagree. No one entity is capable of determining the proper scale for a product or service. Millions of free people acting in their own interest create efficient markets; governments use envy, fear, and ignorance to force us to do business with them. The necessity of state-sponsored monopolies is a dangerous myth.

A bit dogmatic, I know, but it's the truth.

[myboat32]

@Bruchfest Look just simplify this a bit. LOL This was criminal. Monopoly, no Monopoly. This was just a bunch of white collar crooks of the highest degree who's impact on lives deserve the death penalty.

We need Government "We the People" oversight. Mark to Market ? W.T.F. How could that be allowed. Did things end with Enron. No. We just went through the largest bank heist in history.

These corporations need to be policed, just like the streets. But that gets called Socialism.

[thepatriotacts83]

Great, then I hope you agree that 99.9% of "free market" politicians are full of shit, and their push for privatization is just an attempt to hand power to their corporate donors. Very seldom do "free market reforms" actually benefit the consumer; they are designed to make corporations rich. In the real world, the "free market" has about the same track record as Marx's "dictatorship of the proletariat." Here's a radical idea- maybe corporate abuse should be checked by the government???

[Bruchfest]

Yes, I agree with everything, except the radical idea that you close with. Corporate abuse is enabled by government. Get rid of the wolves, don't put them in charge of the henhouse.

[thepatriotacts83]

The only thing worse than putting government in charge of regulating corporations is to follow the current path that lets the market "regulate itself," which has proven to be a total failure. Corporations are built on greed; it is literally illegal for it to spend money in a way that doesn't benefit shareholders. Government is no messiah, but it will respond to massive popular pressure, which is how anything has ever gotten done in America.

[reapstreet54]

I agree no monopoly can exist without the governments help. Just look at the Federals Reserve which has a complete monopoly over US currency.

[IsuckafolovI]

very sad!