Mario Gabelli

How can you allow the trading companies to locate computers closer to exchanges and flash millions of bids to give an unfair advantage?... Even professionals are losing faith in some aspects of the system.

Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.

I have always been a big meta guy because I think the way journalism is practiced in Washington, and the way everyone sort of cohabitates in the same fishbowl is ultimately a bigger part of the story than people outside of the fishbowl really know.