The problem I have with all of this is that it is not the greed that surprises me, that is a naturally occuring trait some humans possess. Its that we still haven't learned our lesson from all of this. Enron officially went bankrupt in 2002 after the scandal was exposed. This documentary was released in 2005. Many of the nations largest banks were heavily involved in the Enron scandal. At the core of the issue was the classic debate of what effects regulation and deregulation have on the free market. Enrons top execs felt (not surprisingly) that deregulation was the answer as it gave them the power to set the rules in their favor. We have become a country of extremes. Both sides of that argument have their point, which is precisely why a moderate solution is needed. So as I watched a film that was made in 2005 it disgusted me to think that only 3 years later that the crisis on Wall Street occured. Once again it was an issue of deregulation and lack of oversight. Industries such as energy and banking are far too vital to America's success to be allowed to set their own rules. They have proven that they can't responsibly hold that power.
So as Ken Lay sits six feet underground and Jeff Skilling and Andy Fastow waste their days in what is likely a minimum security white-collar prison, Lou Pai is high on the hog. Just another wealthy landowner with an ex-stripper wife who has probably been upgraded to a more current model by now. Just remember kids, the smartest guy in the room, leaves first.
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