Wednesday, April 06, 2011

Adele M. Stan: "You Thought the Koch Brothers Were Bad? Turns Out They're Even Worse Than You Thought" @ AlterNet


You thought Koch Industries was just a high-polluting oil-and-gas-based conglomerate? Add in the part played on Wall Street by Koch Supply & Trading, and the depth of the Koch imprint on the economy is revealed. From Carrk's report:

First, the Koch brothers fought efforts to give the Commodity Futures Trading Commission more oversight over speculative trading, whereby companies can artificially inflate prices on things such as oil, during the Wall Street reform debate. One of the Koch companies—Koch Supply & Trading—takes part in oil and derivatives trading. We should point out that oil speculation has reached an all-time high at the same time gas prices continue to skyrocket. ...
Read more at Adele's post on AlterNet.

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