FERC Investigation Beginning to Unnerve JPMorgan Investors

I have been covering JP Morgan’s thievery on US deregulated electricity markets.  Last week’s story in the NY Times doesn’t have much new information on FERC’s investigation of Morgan, but does note that investors and board members are getting nervous about the apparent criminality of the company’s executives.

Meanwhile, US electricity and capacity markets remain largely wide open to manipulation and theft by insiders.  Expanded high voltage transmission lines help the process along by making more and more electricity, over longer and longer distances, available for schemes by bankers, traders and power companies.

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