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Colin Kalmbacher: Greg Palast – Utility Expert Claims PG&E Blackouts Are ‘All About Threatening the Judge’ in Bankruptcy Case

Summary:
When the Blackouts occurred in Venezuela the right blamed socialism, well, we can certainly blame neoliberal capitalism for the blackouts in California. Palast blasted the outages as a result of PG&E’s alleged venality — but also reserved some ire for the deregulation agendas pursued by liberal Democrats over the past few decades. “Leaving hospitals, schools and 1 million homes without power — and that means without water — in California is the endgame of deregulation mania,” the former utilities investigator and current journalist said. “Jerry Brown, Bill Clinton and other deregulation snake-oil salesmen, and the PG&E greedster bosses, should be imprisoned for the people already burned to death.” “Public utilities must be publicly owned,” Palast continued. “PG&E is a criminal

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When the Blackouts occurred in Venezuela the right blamed socialism, well, we can certainly blame neoliberal capitalism for the blackouts in California.

Palast blasted the outages as a result of PG&E’s alleged venality — but also reserved some ire for the deregulation agendas pursued by liberal Democrats over the past few decades.
“Leaving hospitals, schools and 1 million homes without power — and that means without water — in California is the endgame of deregulation mania,” the former utilities investigator and current journalist said. “Jerry Brown, Bill Clinton and other deregulation snake-oil salesmen, and the PG&E greedster bosses, should be imprisoned for the people already burned to death.”
“Public utilities must be publicly owned,” Palast continued. “PG&E is a criminal enterprise parading as a power company. Shut them down — not us.”
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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