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To: flatsville who wrote (54754)	1/5/2001 4:28:55 PM
From: Oblomov	Read Replies (1) \| Respond to of 436258

flats, I understand that there may have been actions taken by certain traders that may not have been in the public interest, but the use of the term (not your language, I realize) "laundering" implies a diversion to cover up criminal activity. If there was a "loophole", then the action was not a diversion and was legal, right? The ISO seems to be rather self-serving. They want all of the benefits but none of the detriments of exposure to the free market. When they make power trading unprofitable, they will curse the lack of liquidity... a problem to be remedied by more regulation, no doubt.