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Enron's Trading Desk - A Trading Desk for the Energy Industry
Enron was once a logistics company that moved natural gas from one place to another and charge customers for the services associated with that. Now it's more like an investment bank in this industry, says Ben Navarrette. The traders originally are there to sort of help match supply to demand; now they can quote spreads wherever they want. This is the securitization that you were talking about a minute ago, Ben.