Here is a remarkable DVD documentary, "Enron: The Smartest Guys in the Room"
http://www.netflix.com/MovieDisplay?movieid=70024087&trkid=90529
The producers of this documentary managed to secure some amazing and
highly incriminating video clips. The scene from an in-house video
where the Enron executives make fun of their own house-of-mirrors own
accounting system and refer to "fantasy accounting" is simply
amazing. Whatever possessed them to record such a thing?
I did not understand the accounting gimmicks they described, perhaps
because the descriptions were so abbreviated. The coverage of the
California energy crisis was pretty good, although I would have loved
to see more details. However there is only so much you can cram into
a video and this one is pretty long anyway.
- Jed
