Davis purchased the power at ludicrous rates with other people's money. Davis used other people's money in a careless and reckless manner to further and personnally inrich himself. Davis is as culpabale of fraud as any other participant in this matter.
Were Davis a liscensed investment broker in California he would be vigorously prosecuted for his actions since he publically insists he knew these rates were artificially created by illegal activities.
Had Davis simply said "no" in late 2000 there would have been a few days of very minor personal inconvenience to a small number of Californians and then the traders would have backed off.
REMEMBER! IT ONLY TAKES THIS MUCH TO BUY ME. THE BEST INVESTMENT YOU CAN MAKE FOR YOUR BUSINESS. BUY ME FOR YOUR BOTTOM LINE!
I HAVE BEEN BOUGHT BY ENRON, WHOREACLE, LOGICON, INSURANCE COMPANIES AND OTHER SATISFIED CUSTOMERS.
Naturelment. GD's raison d'etre for composing the article. Might try to determine
if the LA Slimes was offered and perhaps rejected the Times damage control piece.
Last year, I posted that an audit trail of any investments made by his campaign fund re energy companies could be really revealing. Look at both buys and shorts. I doubt that he had his money in CDs getting less than 2% at the rates at the end of 2000 and most of 2001.