Report clears energy grid managers of market manipulation (California)

[Robbien]

SACRAMENTO – California power grid managers accused of manipulating the energy market during the state's power crisis were cleared Friday in an internal report that swept aside earlier criticism of the agency.

The governing board of the California Independent System Operator found that employees had been untruthful with a Senate committee investigating the allegations two years ago, but said they would not be punished.

"The folks who were named in this have been through the ringer for a year wondering what was going to happen," said board member Mike Florio. "I think that's probably been more punishment than we could mete out if we did find any wrongdoing."

http://www.signonsandiego.com/news/state/20040604-1856-ca-energyinvestigation.html

What bunk!

[JohnOneillsMemory]

1. Article headline is a lie. They weren't cleared, just not punished.

Exactly like the headlines saying the SEC cleared * of wrongdoing when his daddy's appointee stopped the investigations into HIS fraud.

"...(the report) found that employees had been untruthful with a Senate committee investigating the allegations two years ago, but said they would not be punished."

The article says later that an INDEPENDENT investigation found plenty of gaming and fraud.

I'm gagging on the endless torrent of lies in reporting and government/business cover-ups.

[arikara]

2. What gets me is that this type of heinous thievery

is never punished, yet they'll toss some poor sap who needs food and medicine in jail forever for shoplifting.

[LittleApple81]

3. Americans are just....just...patsies who "protect" free enterprise and

love deregulation. . And they know it.

[mrdmk]

4. Noam Chomsky said the following

When reading a newspaper nowadays, one must read a story from the ending to the beginning. Using this technique gets you to the meat of the story rather than the hype. But the story in the Original Message is pure crap.

[cosmicdot]

5. Mike Florio, governing board member ...

"The folks who were named in this have been through the ringer for a year wondering what was going to happen," said board member Mike Florio. "I think that's probably been more punishment than we could mete out if we did find any wrongdoing."

oh, puh-leeze