Finally a name is put to insider hedge fund market manipulation.  The special loophole for Enron also applies to every energy source.

It was engineered by Enron lobbyists and pushed through into law by by Phil Gramm, McBush's economic expert.

It allows compelety unregulated trading in energy futures.  Would carbon emission permit trading (cap and trade) come under this rule?  Yep.

It was recently expanded to allow unregulated trades through Dubai, pretty convenient for those who actually own these united states now.

This loophole allows the same people who run the market (like Enron did in the California energy "crisis") and control it to trade in it.  Giving them the catbird seat.  And making the market a fake "free" market.

Estimates are that gasloloine would now be in the 2 dollar price range without the loophole, so 2 dollars out of your pocket every time you buy gas is going solely to make hedge funds more profitable.  

An economy in freeefall and that law can't be repealed?  Yep.  Does the same market reality exist for all ftures trading now?  Yep.  So half the cost of food is going to benefit hedge funds too.

Do we have a problem here?  Will it be fixed?  No, absolutely not.  Almost every person in a position to change it has most of their assets in hedge funds.

What would happen if the hole were closed?  Hedge funds would crash.  Everyone who bet their money through those funds would lose their savings.  Almost all our senators, congressmen, and government officials.

Time for another bonus army to march on DC.  This time we want the "bonuses" that the hedge funds and their clients have stolen back.

Check out what happened to the first bonus army.

http://en.wikipedia.org/wiki/Bonus_Army

http://amazngdrx.blogharbor.com/blog