The gov'ts owners at it again in the energy sector

[Dot Com]

They're calling it "Enron 2.0":

Enron 2.0: Wall Street Manipulates Energy Prices ? and Every Other Market Washington's Blog

In the world of business, a firm announcing that an asset purchased just 5 weeks ago is actually uneconomical to operate would be called incompetent, and such a firm would have difficulty attracting capital and staying in business. But the managing partners of Energy Capital Partners are a highly sophisticated all-star crew of former Wall Street financiers: four of the five managing partners are Goldman Sachs veterans, and the firm’s vice-presidents and principals are alumni of JP Morgan, Morgan Stanley, Bank of America, Credit Suisse and other financial powerhouses. These are not your run-of-the-mill owners and operators of power plants. They are Wall Streeters highly motivated to exploit the intricacies of power markets to make as much money as possible for their Cayman Islands-based affiliates.

These people need to be policed like its nobody's business, crooks all.

 

[bedowin62]

They're calling it "Enron 2.0":

Enron 2.0: Wall Street Manipulates Energy Prices ? and Every Other Market Washington's Blog

In the world of business, a firm announcing that an asset purchased just 5 weeks ago is actually uneconomical to operate would be called incompetent, and such a firm would have difficulty attracting capital and staying in business. But the managing partners of Energy Capital Partners are a highly sophisticated all-star crew of former Wall Street financiers: four of the five managing partners are Goldman Sachs veterans, and the firm’s vice-presidents and principals are alumni of JP Morgan, Morgan Stanley, Bank of America, Credit Suisse and other financial powerhouses. These are not your run-of-the-mill owners and operators of power plants. They are Wall Streeters highly motivated to exploit the intricacies of power markets to make as much money as possible for their Cayman Islands-based affiliates.

These people need to be policed like its nobody's business, crooks all.

wtf?

obama got his fin-reg; how could this be happening leftard?

 

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Thanks for the thread bump but:

This message is hidden because bedowin62 is on your ignore list.

 

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between this and my thread on Micheal Lewis' new book one would think that there's be an uproar from AN INFORMED CITIZENRY.

 

[Disir]

What? No poor bankers shpeil?

 

[KissMy]

H.R.6124 of 2008 was supposed to close the "Enron Loophole"

 

[whitehall]

Last I heard Barry Hussein Sotoro was still president. I imagine the A.G. is too busy spying on Americans, shipping illegal weapons to Mexico, hiding and destroying files of administration scandals and covering the president's crooked ass to care about another Enron. As a matter of fact it was the same Eric Holder who arranged for the pardon of one of the FBI's 10 most wanted and the most notorious corporate pirate at the time in exchange for a million dollars donated to the Clinton library.

 

[Dot Com]

H.R.6124 of 2008 was supposed to close the "Enron Loophole"

That? It was watered down by Republicans as is their M.O. (running interference for Wall St )