September 24th, 2008
CALIFORNIA ENERGY CRISIS - A TEST RUN FOR THE SUBPRIME CRISIS?
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 and the subprime crisis?
If you have not seen The Smartest Guy in the Room - put it on the top of your Netflix Queue.
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