During his confirmation hearing last year, Scott O'Malia, a Republican Senate aide nominated to be a commissioner on the Commodity Futures Trading Commission, testified that while working for an energy firm years earlier, the "Enron debacle" had opened his eyes "to the very serious consequences of...inadequate oversight." O'Malia, who'd been nominated by President George W. Bush, added, "I learned firsthand the devastating impacts a flawed market design can have on consumers and markets." What he didn't tell senators was that he'd learned all this as a lobbyist for a company engaged in Enron-like misconduct that had pushed for deregulation of energy trading.
More:California Public Utilities Commision Mirant Mitch Mcconnell U.S. Senator Debbie Stabenow Maria Cantwell
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