Wall Street Pulls an Enron With Commodities

wall street and elizabeth warren

Joseph Palermo: Even before we’ve had a chance to recover from the Great Recession caused by their earlier malfeasance, the usual suspects among Wall Street’s “too big to fail” banks continue to plunder our society by artificially driving up commodity prices.

The Gas Wars

oil wars

Robert Reich: Nothing drives voter sentiment like the price of gas – now averaging $3.56 a gallon, up 30 cents from the start of the year. It’s already hit $4 in some places. The last time gas topped $4 was 2008.

How Koch Industries Manipulates Oil Market

oil tanker

Lee Fang: Koch along with Enron pioneered a number of complex financial products to leverage its privileged position in the energy industry.

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