The Daily Enron

GAO: Bush Energy Regulators are Paper Tigers
Kleptocapitalism: Shareholders In Pursuit of Justice

Those nosey folks over at the General Accounting Office were at it again yesterday. The nonpartisan investigative arm of Congress poked around the Bush administration's energy regulatory agency, FERC. What they found will provide little reassurance for energy ratepayers but may come as great comfort to energy traders. Let's just say, you might as well sleep well - the folks at FERC are. And when was the last time you got a pink slip with a check for a few million bucks stapled to it? Me either. But plenty of US executives of failing companies are hauling in going away presents that would choke a horse - or a bankruptcy trustee. » Read more at the

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.