Build Date: Thu May 1 01:00:37 2025 UTC
I hate you non-smokers with all of my little black fucking heart, you obnoxious, self-righteous, whining little fucks, my biggest fear, if I quit smoking, is that I'll become one of you.
-- Bill Hicks
Boil Them in Oil
2002-05-29 02:19:59
Yesterday, Dynergy, a large energy company that is in many ways very similar to Enron, announced that it had inflated its revenue streams some 4.5 BILLION dollars through various trading shenanigans - mostly reverse trades.
Reserve trades occur when one company buys goods from another and then immediately trades them back. The two trades cancel each other out and no money or goods actually changes hands. Both companies' assets are exactly as they were prior to the first transaction, but each company gets to book the trade - so it appears that both companies have a MUCH higher trading volume then actually exists.
This is a completely disingenuous act and the intent is nothing less then to mislead and defraud the investors. And there is no doubt in my mind that the executives of the corporations that commit these acts should be hauled off to jail. But they aren't. They never are. The CEO of Dynergy resigned - probably with several hundred million dollars worth of ill-gotten booty in his bank account. And while the SEC might investigate, if history is any guide, it won't even bother filing charges in this case.
And that just sucks.
Here in California we have a "three strikes are you are out" law. On your third felony conviction you get life. So if you are some poor, deranged street bum with two strikes and you stumble drunk into some Stop and Rob liquor store and quaff a 40 without paying, you can be sentenced for shoplifting and spend the rest of your life in prison for drinking a can of malt liquor.
However, if you are some high flying corporate executive with a fleet of New York attorneys and a bank account filled with cash from all the stock options you managed to sell after jacking up the price with all your swindling trades before anyone else figured out how you cooked the books by some billion or so dollars, you get to buy a nice ranch, staffed with a troop of servants and escorts, and "ride the pine" during the next Republican sponsored round of fraud and get rich quick schemes. But that's ok... because that round will create a whole new batch of crooks with unpunished "crimes" that dwarf yours and make you look damn near innocent.
Quite frankly, I'm just fed up with all this corporate corruption and I want to start boiling some of these bastards in oil.
T O P S T O R I E S
California Glory Hole attracts huge crowds
A glory hole at Napa's Lake Berryessa is drawing huge crowds. According to Chris Lee, the general manager for the Solano County Water Agency, the glory hole hasn't been active since 2019, and only restarted operations on Feb 4. (More...)
Republican State Senator busted after soliciting a teenage girl
Republican State Senator Justin Eichorn of Minnesota was arrested for soliciting a teen girl on Monday just hours after he introduced a bill proposing "Trump derangement syndrome" (TDS) as a form of mental illness. (More...)
Parents claim measles is not that bad after having only one child die
The parents of a Texas girl who died from the measles are defending their decision not to vaccinate their daughter. "She says they would still say 'Don't do the shots,'" an unidentified translator for the parents said. "They think it’s not as bad as the media is making it out to be." (More...)
Delusional rich man tries to fire town staff
"I'm mayor now" said write-in mayoral candidate and founder of Pirate’s Booty Snacks Robert Ehrlich after losing the election for Mayor of Sea Cliff, NY. Then he tried to take over the Village Hall and fire everyone. (More...)
Musk claims Xitter security is staffed by idiots
Earlier this month Xitter experienced a massive outage. In an interview, Musk told Fox Business that he believes the attack came from "IP addresses originating in the Ukraine area." (More...)
The Future Ain't What It Used To Be
Ideas have taken horrifying shape and rooted into our modern reality. (More...)
C L A S S I C P I G D O G
Songs Of Love And Special Things
Well, dear reader, there's no denying it: Spring has sprung. The air is pungent with the fertile aroma of Romance. And you know what goes with Romance, don't you? That's right, Lover, porn. And not just any porn, but the kind you can sing along to. (More...)
Our team of crack journalists went insane, and made the drive from Concord, California to Concord, New Hasmpshire on Interstate 80. Read the insightful observations of our intrepid travelers made on their journey into the heartland. (More...)
NASA's Mars missions keep blowing up and crashing, but dammit, when you reach for the stars you have to expect a few minor setbacks. Drink a toast to the men and women of NASA! Toast them with a Lost Probe mixed up with your own two (or three) hands! (More...)
Paranoid Strippers & Psychotic Crack Dealers (Tales of Christmas Eve)
Christmas day, for the last 17 or so years has bored me. I find that the real fun and excitement always takes place on Christmas Eve. Every other year, it's the excitement of the metaphorical hunt instead of the kill. Otherwise, it's just plain bad craziness. (More...)
We here in SMRL's Beverage Research Lab realize that there is more to life than just drinking spocktails. It's important to have other activities. One such activity that we wholeheartedly support is dancing six or more hours to Trance music. So we have designed a drink to accommodate this. (More...)
Ah, it's that special time of year again. Chestnuts roasting on an open fire, Jack Frost nipping at your nose, crowded, dangerous streets filled with maniac shoppers rushing to the mall to buy Pokemon action figures, and getting hammered at the Xmas party and insulting the boss's hair weave. That's right: it's time to drink heavily and wait out life's little nagging miseries, holiday variety. Pigdog is here to help. (More...)
