[env-trinity] Beware of privatized water - Sacramento Bee 1/13/11

[Dan Bacher]

http://www.sacbee.com/2012/01/13/4184247/letters-to-the-editor.html

Beware of privatized water

Re "Water barons will corner market in new 'Chinatown'" (Viewpoints,  
Jan. 8): Patricia Schifferle's article exposes the disgusting  
corruption and "pay to play" policies that infest California water  
politics.

Sen. Dianne Feinstein's provision in the 2012 budget bill allows a  
handful of agribusiness interests to sell subsidized federal water in  
a private water market for up to 150 times what they pay for it.

Schifferle makes a superb comparison of the privatization of federal  
water rights to the derivatives, subprime mortgages and deregulated  
electricity that led to the economic collapse and Wall Street  
bailouts. Feinstein is promoting privatization that will benefit only  
the 1 percent at the expense of the 99 percent.

– Dan Bacher, Sacramento
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