Enron gets U.S. 'death penalty'
FERC votes to strip bankrupt company of some rights to trade electricity and natural gas.
The Federal Energy Regulatory Commission voted Wednesday to strip bankrupt Enron Corp. of some of its rights to trade electricity and natural gas after finding the company manipulated electricity prices during California's energy crisis of 2000-2001.
"This is the first time the commission has imposed the so-called death penalty," FERC Chairman Pat Wood said after the unanimous vote of all three commissioners. The order would allow Enron to unwind its current electricity and natural gas positions, but bar trading beyond those limits...more [CNN MONEY]
While it's always nice to see some punishment come out of this, the real culprits are still running this country. Bush, and too many of his friends are in power raping this country for the benefit of the wealthy few. We can only hope that one year from now we will be well along our way to removing them from office...mj
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