CALIFORNIA ENERGY CRISIS – A TEST RUN FOR THE SUBPRIME CRISIS?

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In 2000-2001 California experienced what happens when poorly constructed deregulation and federal regulatory (FERC) malfeasence collide. As we watch the same thing unfold again in the investment banking industry – you have to ask yourself can this really be a cooincidence? And why is Phil Gramm – John McCain trusted financial adviser connected to Enron… Read more »