Federal energy regulator accuses JPMorgan of manipulating electricity market http://www.cnbc.com/id/100769817 The unregulated market system doesn't work. How many examples do people need before they throw in the towel? The regular Joe just feels powerless, so s/he just goes on living their life with his hands up in the air.
just pay your bills and be quiet!!!! JPM execs need to pay for those yachts, even if it means the rest will suffer. The JPM traders will take their 5 million at 30-years old and fade away .... nobody knowing who they are. And live years in luxury. the American dream
Deregulation of all markets is what big business wants... Hey we are almost there for the big guys. I found this for your fun filled quality reading time: Market Deregulation Proposal. It is real good!
Odds are it's the regulations of MISO and CAISO, if anything, that these guys are using to their advantage. The rules in the electricity markets often have unintended primary and tertiary affects that the omnipotent regulators do not consider in their drafting.