Acquired cover image

Enron

Acquired

Enron Trading Strategies - What Happened Here?

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The California power markets were being deregulated much like the natural gas markets, but not fully. So what happened here? Well, the state of California decided that they didn't want to go full free market. They put in lots of safety measures that ended up being the opposite of that. And so, you know, a company is not on the right side of history when memos start circulating with names like Death Star, Fat Boy, Get Shorty and Ricochet.

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