Great point. I did a quick check and some of the folks at Dirty Underwear are trying to say that Rubin's calls were not an issue at all. However, some folks are realizing that both Dem and Repubs got political contributions from Enron and more and more of the Enron follies took place several years ago.
I still believe that this has the potential to land with a dull thud if the Dems keep pushing it in the manner they have. I seem to remember reading last night on FR where a Fox poll shows that many Americans believe that the Dems are trying to use the economy as an issue rather than trying to work on the economy. Perhaps the sheeple are on to the Dems, and then again, perhaps not.
The manipulation of markets is not even hidden in the case of the Federal Reserve. The interest rate manipulation is not even considered unusual by most conservatives, but needed in a free market.
What is free about driving down the income of a saver to protect an investor that is leveraged in the market? What is free about boosting the sale of a stock when an investor is trying to buy a particular stock?
What is right about letting a drug dealer walk into a brokerage and invest $100,000 in the stock market, thereby laundering his money, but preventing him putting it in a bank for fear he will be reported? What is free about enabling an investor to wire 1000 shares for sale overseas in a stock market without any reporting requirements, while insisting that any money sent overseas exceeding $5000 be reported on his tax return?
These are questions people should be asking, instead of wondering why our government seems so corrupt. The entire concept of our financial system is manipulated from the gitgo.
The record of our former administration is one of corruption and manipulation. At least this administration has said no on several requests to tilt the playing field.