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