Ken Lay's dead and his lieutenants are either in the slammer or heading there, but Enron's traders are doing very well, thank you very much. It seems that the second biggest bankruptcy in US history which wiped out 5,000 jobs and at least $1 billion in retirement funds has launched many careers, says the Wall Street Journal's CareerJournal.com.

Jeff Skilling's lieutenant Lou Pai, the key architect of Enron's trading operations, is now a silent backer of a Houston-area firm trading pollution-emission credits. Jeff Skilling used to describe Pai as "my ICBM". Pai still faces civil litigation and potential regulatory scrutiny.

Then there's John Arnold, the superstar trader who was renowned for his ability to do complex mathematical equations in his head and who could trade $1 billion worth of energy futures every day, and who could also hit bad losing streaks that cost hundreds of millions that were endorsed as examples of important risk-taking. He has gone on to establish the Houston-based hedge fund Centaurus Energy .

The list goes on. The moral of the story: while there is an Enron stigma in the general public, it's important to remember that Enron's trading operations were admired and celebrated by the market. And it seems they still are.

As the CareerJournal.com piece says, some days it still feels like they're trading for Enron. The ghost of Enron lives on.