Read More: Federal Reserve, Federal Energy Regulatory Commission, President Obama, Volcker Rule, RBS Sempra, JPMorgan Chase, Jamie Dimon, Energy Markets, Oil Gas, Enron, Oil, Energy, Blythe Masters, Business News
What, pray tell, is a bank doing in the oil, gas, power and electricity business? Is that why we have a Federal Reserve -- to fund their gambling addiction? Should the bank fail because of its gambling excess, we would be left holding the bill and mopping up the mess of Too Big to Fail.
Energy, be it oil, natural gas or coal, involves core commodities to the functioning of our economic viability, and here the Department of Energy under Chu's tutelage has approached disaster.