Saturday, February 21, 2009

Gramm and the ‘Enron Loophole’ - NYTimes.com

For anyone that listens to, and believes what he says, take a moment and read this article and then think back to the daily barrage Rush heaped on Governor Davis of California. Daily, he blamed him for the energy woes of that state when it was the deregulation that Rush himself advocated.



Gramm and the ‘Enron Loophole’ - NYTimes.com: "The commodity futures act, in addition to allowing unregulated trading of financial derivatives, included language advocated by Enron that largely exempted the company from regulation of its energy trading on electronic commodity markets, like its once-popular Enron Online. The provision came to be known as the Enron Loophole."

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