Obamanomics Fattens Fat Cats
The government support – which includes loan guarantees, cash grants and contracts that require electricity customers to pay higher rates – largely eliminated the risk to the private investors and almost guaranteed them large profits for years to come.
The beneficiaries include financial firms like Goldman Sachs and Morgan Stanley, conglomerates like General Electric, utilities like Exelon and NRG – and even Google.
posted by Michael at
6:38 AM
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