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Broke the Koch Brothers' Takeover of America
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enron loophole

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. (more…)

April 15th, 2011 | Comments (47)

The Koch Brothers: Dark Lords of Derivatives

People don’t seem that interested in talking about Wall Street’s unpunished and ongoing rape of America anymore these days. And that’s too bad. Because Koch Industries has a lot more in common with Wall Street than most people realize.

April 9th, 2011 | Comments (21)