Saturday, December 26, 2009

Cap and Trade Estimated to be a $300 Billion to $2 Trillion Market

Wall Street wants a leading role in the new carbon-trading market being designed in Washington. It is based on the questionable science that carbon is causing global warming, which even if true suggests an anti-warmth position. But it will mean $$$$$$$ for the usual Wall Street suspects who have heavy government influence.

Lisa Kassenaar of Blommberg provides a peek into what is going on here.

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