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Koch Industries Lackeys Admit To Manipulating Oil Prices…And Gloat About It, Too

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arrestblankfein Donating Member (99 posts) Send PM | Profile | Ignore Fri Apr-15-11 06:42 PM
Original message
Koch Industries Lackeys Admit To Manipulating Oil Prices…And Gloat About It, Too
The Kochs Give a Big Enron Fuck You to America

Last week, I wrote that Kochs Industries’ recent fight against financial regulation and aggressive defense of unregulated derivatives via the “Enron Loophole” was a clear sign that the company was using its position as a large-scale marketer of oil and other energy commodities to manipulate prices.

Well, thanks to recent reporting by Lee Fang, we now know this for a fact. Traders working for Koch Industries not only gave PowerPoint presentations outlining their plans to drive up the price of oil, but openly boasted about gaming the market in the business press.

http://ifucm.com/l1T?i=2
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Drale Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-11 06:45 PM
Response to Original message
1. It is very dangerous for evil people to keep stupid people around
Thats why all supervillians fail because they depend on really stupid and untrained minions.
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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-16-11 05:06 AM
Response to Reply #1
4. "...really stupid and untrained minions." AKA: Congress nt
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arrestblankfein Donating Member (99 posts) Send PM | Profile | Ignore Sat Apr-16-11 10:19 AM
Response to Reply #4
7. and the corporate media heads
who can only talk about hollywood or their heads might explode.
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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-16-11 10:46 AM
Response to Reply #7
8. "Winning!" nt
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arrestblankfein Donating Member (99 posts) Send PM | Profile | Ignore Fri Apr-15-11 08:22 PM
Response to Original message
2. kick
:kick:
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sixmile Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-11 08:24 PM
Response to Original message
3. Oil speculation is draining us dry
And no one lifts a finger to regulate it.

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PuraVidaDreamin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-16-11 05:19 AM
Response to Original message
5. These Billionaire Brothers Want America to Fail!
I hope they don't have children to inherit their greed.
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Festivito Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-16-11 09:45 AM
Response to Original message
6. ...F U Corporate media news .com ... Hmmmm
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MaeScott Donating Member (295 posts) Send PM | Profile | Ignore Sat Apr-16-11 11:27 AM
Response to Original message
9. K and R. Dirty bastards. nt
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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-16-11 11:32 AM
Response to Original message
10. So do we have PROOF of that beyond some entry
on a blog I've never heard of? I mean let's get some facts attached so the information can be used effectively.
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