Power companies have two jobs: Keep the lights on and don’t kill your customers. Pacific Gas and Electric Co. of Northern California flunks on both counts
Update of the original report for Truthout
[October 24, 2006]
Don’t kid yourself. If you think the sentencing of Jeff Skilling, former Enron CFO (criminal financial officer), to twenty-four years in the slammer means that justice has been done, think again.
First, Skilling got away with murder – or at least grand larceny. Like Al Capone convicted of failing to file his taxes, Skilling, though found guilty of stock fraud, is totally off the hook for his BIG crime: taking down California and Texas consumers for billions through fraud on the power markets.
Don’t check the casket. I know he’s back. When I saw those lights flickering out at La Guardia Airport yesterday and heard the eerie shrieks and moans in the dark, broiling subway tunnels, I just knew it: Ken Lay’s alive! We can see his spirit in every flickering lightbulb from Kansas to Queens as we head into America’s annual Blackout season.
Excerpted from Armed Madhouse
May 17, 2001. In a room at the Peninsula Hotel in Beverley Hills, the Financial Criminal of the twentieth century, not long out of prison, met with the Financial Criminal of the twenty-first century who feared he may also have to do hard time. These two, bondmarket manipulators Mike Milken and Ken Lay, no-yet-indicted Chairman of Enron Corporation, were joined by a select group of movers and shakers – and one movie star.
Special For Truthout
Don’t kid yourself. If you think the conviction of Ken Lay means that George Bush is serious about going after corporate bad guys, think again.
Ken Lay Will Get Away with his Real Crimes
Al Capone cut throats, machine-gunned people to build his gang and went to jail””for not filing his taxes properly. Likewise, Ken Lay, buccaneer of the power industry, will go down””if the jury doesn’t buy his alibi””for not filing his SEC forms properly.