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You're probably getting downvoted because you seem to be implying, without real evidence, that California is bankrupt because Arnold was complicit in cheating C

by LargeWu 16y ago

You're probably getting downvoted because you seem to be implying, without real evidence, that California is bankrupt because Arnold was complicit in cheating California out of billions because of shady dealings with Enron. These are the sorts of allegations that one would typically see in a political forum populated by partisans and hacks. Downvoting is just HN's way of saying this sort of discussion belongs elsewhere.

alecco 16y ago
While it didn't bankrupt California the economic impact is very relevant with regards of the sums required to pay state pensions. Also I assumed everybody knows it was Davis who allowed that to happen, well before Schwarzenegger was elected.
chadmalik 16y ago
Actually if you followed the whole looting of California by Enron & friends, the final conclusion was Schwarzenegger taking office and refusing to pursue a serious lawsuit agains the perps and letting them off with token payments to the state. And yes the proof was and is very clear that the "crisis" was in fact looting. The energy traders who implemented it were taped per regulation and the leaked tapes were ugly. It was a crime and the perps got off. So YES, IN FACT, the governor is culpable for what happened, or to be very exact, refusing to pursue serious restitution.
- chadmalik 16y ago
  proof: http://www.cbsnews.com/stories/2005/02/03/eveningnews/main671618.shtml http://www.cbsnews.com/stories/2005/02/03/eveningnews/main67... Enron also pulled power out of states like California, causing emergency conditions to worsen. "Sorry California," an Enron trader says. "I'm bringing all our power out of state today. I moved out six — over six hundred megawatts." The "shut downs" and "pull outs" triggered sky high power prices. "We're just making money hand over fist!" one voice is heard saying on the tape. And when states complained, the guys at Enron seemed to have a response. "Get a f clue," one says. "Yeah," another chimes in. "Leave us alone. Let us make a little bit of money." "Exactly," says another trader.
deleted 16y ago
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by LargeWu 16y ago

alecco 16y ago

While it didn't bankrupt California the economic impact is very relevant with regards of the sums required to pay state pensions. Also I assumed everybody knows it was Davis who allowed that to happen, well before Schwarzenegger was elected.

chadmalik 16y ago

Actually if you followed the whole looting of California by Enron & friends, the final conclusion was Schwarzenegger taking office and refusing to pursue a serious lawsuit agains the perps and letting them off with token payments to the state. And yes the proof was and is very clear that the "crisis" was in fact looting. The energy traders who implemented it were taped per regulation and the leaked tapes were ugly. It was a crime and the perps got off. So YES, IN FACT, the governor is culpable for what happened, or to be very exact, refusing to pursue serious restitution.

chadmalik 16y ago
proof: http://www.cbsnews.com/stories/2005/02/03/eveningnews/main671618.shtml http://www.cbsnews.com/stories/2005/02/03/eveningnews/main67... Enron also pulled power out of states like California, causing emergency conditions to worsen. "Sorry California," an Enron trader says. "I'm bringing all our power out of state today. I moved out six — over six hundred megawatts." The "shut downs" and "pull outs" triggered sky high power prices. "We're just making money hand over fist!" one voice is heard saying on the tape. And when states complained, the guys at Enron seemed to have a response. "Get a f clue," one says. "Yeah," another chimes in. "Leave us alone. Let us make a little bit of money." "Exactly," says another trader.

deleted 16y ago

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