David Noyes writes: (Drives me nuts that FB wont post the articles individual headers on my page for some reason… Heres the one for this piece: — Remarkably, some Goldman alumni look about to re-enact Enron-style energy market price manipulation all along the East Coast.) The great Yves Smith makes certain were all aware of an eye-opening piece from the great David Cay Johnston: You’d think regulators and the public would remember how badly California was burned by Enron’s electricity price manipulations, which cost each resident more than $1300 in higher energy bills, and would be eager to avoid a rerun. But memories are short. As David Cay Johnson reported in an important story at Aljazeera (Enron-Style Price Gouging Is Making A Comeback: Wall Street makes naked attempt to jack up electricity prices in New England: america.aljazeera/opinions/2014/5/new-england-electricitymarketwallstreetenron.html), Energy Partners, a Goldman-linked investment group, looks set to repeat Enron’s ploy on the East Coast. I strongly suggest you read Johnson’s account in full, but here’s the short version... nakedcapitalism/2014/05/enron-2-0-goldman-linked-investors-set-manipulate-east-coast-electricity-prices.html Enron 2.0: Goldman-Linked Investors Set to Manipulate East Coast Electricity Prices - naked... Remarkably, some Goldman alumni look about to re-enact Enron-style energy market price manipulation all along the East Coast. NAKEDCAPITALISM.COM
Posted on: Thu, 15 May 2014 21:53:04 +0000
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