Big banks rig electricity prices.

Banks Caught Manipulating Electricity Trading Now Face Billions in Fines
By Shah Gilani, Capital Wave Strategist

What haven't the Big Banks manipulated for trading profits, with taxpayers picking up any losses? First it was toxic derivatives, CDOs, CLOs and all that junk that led to government bailouts.

Now it's electricity trading. Shah Gilani shows that it's become the new Enron. The Big Banks manipulated the bids in the market, just like Enron. They got caught, paid big fines, but their profits still soared in the second quarter, with trading gains making up a big part of that.

Big Banks sure do know how to make big trading profits by rigging the game...