California: Is a sequel of Enron scandal scamming state?
Customers of PG&E and other utilities may have thought that manipulation of the electricity markets was a sorry part of California history, one that ended when Enron, the thieving Texas energy giant, went bankrupt amid scandal and federal indictments.
But it has come back, if accusations leveled by the California Independent System Operator are true. The ISO, which entered the lexicon a decade ago when California deregulated the electricity market and blackouts ensued, is a nonprofit corporation that oversees the state's electrical transmission system.
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#1 Jul 30, 2012
CA is an example of what is awaiting other states:
bankruptcy, high taxes, uncontrolled borders, houses one third of those on government assistance, anarchy in the streets, pension costs out of control and a school system once the BEST in the USA is now one of the WORST in the USA.
CALIFORNIA=symbol of the decline of America
and a state that is becoming a 1 party state.
Republicans are disappearing, only democrats in control.
That's the future of America, if Romney isn't elected and the republicans don't reclaim the senate.
and don't forget Princess Nancy Pelosi's $18K PER MONTH congressional office CA taxpayers are funding
and how the 9th Circuit judges have planned a LAVISH get together in Hawaii to 'discuss important matters' complete with surf lessons-bountiful buffets, first class flight and 5 star hotels.
And one wonders why America and in particular CALIFORNIA is in economic and social trouble.
Don't let YOUR state diminish to this point.
Rally and vote OUT ALL DEMOCRATS in 2012!
Reclaim your state and your country!
“It's a Brand New Day”
Since: Feb 06
#2 Jul 30, 2012
Yet, the main problems of California are:
1) Recovering from the last multi-billion dollar DE-REGULATION Power scam perpetrated by GOP darlings ENRON, and now this latest gift of de-regulation.
2) Tottering on bankruptcy, while still sending $1300 through the federal government from every man, woman, and child, to support welfare sucking states like Alaska, New Mexico, Virginia, Mississippi, North Dakota, Louisiana, West Virginia, Maryland, Alabama, South Dakota, Hawaii, Kentucky, Montana, plus 20 more states that suck in more than they pay out.
For a complete picture of WHO IS THE DADDY in the USA, see:
#3 Jul 30, 2012
from the article: JPMorgan doesn't own power plants, but instead holds power contracts with generators allowing it to deal on energy trading markets in various parts of the country, including California.
Does that apply to oil, mortgages, corn, etc, etc. Seems the way to make lots of money is not by making things and selling them but by trading contracts on the 'market'.
#4 Jul 30, 2012
The party and it's leader is the answer to all problems!
#5 Jul 30, 2012
Guess who raised hell to get Bush to bail out ENRON ?
One Robert Rubin x-( Dem) Sec of Treasury Clinton Admin and back powerfull on WS when ENRON collasped.
Check out my claims as it is easily verified on most Robert Rubin bio. info. logs.
I'm impressed with your blind partisanship........duh !
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