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Wednesday, June 2

Know Your Hubris

Well it finally is proven that Enron traders deliberately drove up prices and manipulated the market by ordering power plants shut down in California a few years back. Remember those rolling blackouts in California? Remember how the rest of the country was threatened with a similar fate? Tapes have surfaced with vulgar dialogues between traders hoping if Bush was elected that he wouldn't put caps on energy prices. Sure enough on May 29, 2001, Ken Lay's buddy, President Bush said he would oppose price caps. And here comes the hubris du jour:
"Both the Justice Department and Enron tried to prevent the release of these tapes. Enron's lawyers argued they merely prove "that people at Enron sometimes talked like Barnacle Bill the Sailor." " -CBS News

UPDATE: I almost forgot about this part. Back in October of last year, Greg Palast made the link between Schwarzenegger and Enron's Ken Lay. [Kennyboy] It seems that Gray Davis and Cruz Bustamante were planning to fight to get back the 9 billion that Enron and other power companies bilked from California. Arnold and Ken Lay had a super secret meeting... Bush had to charge the power companies with conspiracy but only pay back 2 cents on the dollar because Bush's Federal Energy Regulatory Commission is headed by Ken Lay's friend... oy.... but then Gov. Davis said "no way Jose" and then they conspired/planned to get Davis recalled, smeared Cruz Bustamante, got Arnold elected and made California eat 8 billion. whew. Read it here

Are you waving your flags yet? Are you singing "god bless america, land that I love..."

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