Hedge Fund Electric: $5 Billion in 2025 Profits. 18% in 2026-2027 Rate Hikes
“Privatize the profit – socialize the costs?” You betcha.
Utility companies are their own personalized legal black hole. Private companies own them – but get all sorts of government cronyism to aid and abet their profit making and taking.
It’s a quintessential example of the Diet Fascism that now dominates the US.