Thursday, May 22, 2014

Enron 2.0: Energy Prices Manipulated

Enron 2.0: Energy Prices Manipulated
Free market capitalism!
Wall Street Manipulates Energy Prices … and Every Other Market: The U.S. Federal Energy Regulatory Commission says that JP Morgan has massively manipulated energy markets in  California and the Midwest. . .

Electricity deregulation, pushed so hard by the GOP in the 80s and 90s, was never anything but an enormous grift.  As with our disastrous health insurance system, it introduced a dead weight loss to a natural monopoly, which they marketed under the name of "competition" and "free markets".

Enron and these guys are just the natural progression of the grift.

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