Reply #64: They're blaming Davis for letting corps get away with energy-sector fraud

[cprise]

He even pointed out the fraud, but was afraid to assume control of the generators or declare the energy debt to have been negotiated in bad faith, because he was afraid it would ruin his big-business-friendly reputation. All we heard about that robbery after the fact were a few anecdotes about evidence of fraud and some flaccid legalisms in the courts. He needed to impress the public that a line had difinately been crossed, and then taken decisive action.

I would not have recalled Davis because there was hope of resolving this in the long-term. But average people needed to see action on a problem that severe.

In the end, Davis ended up saddling businesses with hostile energy suppliers anyway. His reticence to 'interfere in the market' only helped the power companies.