January 21, 2008 (LPAC) -- The Danish government-owned energy company, Dong Energy A/S, has postponed a sell-off to private investors because of the collapsing share price. The company had been recently valued at between $11 to $13 billion, but is slipping fast.

Privatization of government-owned enterprises was a nice swindle, while it lasted--just ask Ken Lay. Now that the swindlers have run out of private money, they'll have to try something new--like the Schwarzenegger- Bloomberg "infrastructure" rip-off, for example.