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February 19, 2004

Use The TASER! Use The TASER!

It was certainly a satisfying sight. I have friends and colleagues who lost their jobs when Enron collapsed. I know a couple of people who lost a substantial chunk of their life's savings. And, like everyone else, I read about people who lost nearly everything when Enron's stock became worthless.

This is obviously far from over. Enron's financing schemes were so complex and its internal oversight so weak that there's plenty of doubt as to whether prosecutors will be able to convince 12 randomly selected people that Jeff Skilling committed the 35 crimes with which he's been charged. Nevertheless, it felt good to watch FBI agents lead him away in handcuffs. And after two years of waiting, you've got to enjoy the small victories when they come.

I hate to sound like a shill, but if you haven't read The Smartest Guys in the Room, it really is well worth the time.

Posted by Dan at February 19, 2004 09:48 PM

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