Big Take

The Power Grid Casino


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When GreenHat Energy collapsed after blowing millions of dollars speculating on power prices, it made something plain: Energy traders are gamblers, and ratepayers back every bet.

Bloomberg Businessweek's Mark Leydorf reads "The Power Grid Is Just Another Casino for Energy Traders" by David Kocieniewski and Naureen S. Malik.

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Big TakeBy Bloomberg and iHeartPodcasts