It sure makes for a better interview when they donít rush you.
When the question comes up about financing the next bubble throw this at them.
Banks Push Utilities
To Plan for Impact
Of Emissions Caps

February 4, 2008; Page A6

Three of Wall Street's biggest investment banks are set to announce today that they are imposing new environmental standards that will make it harder for companies to get financing to build coal-fired power plants in the U.S.
Citigroup Inc., J.P. Morgan Chase & Co. and Morgan Stanley say they have concluded that the U.S. government will cap greenhouse-gas emissions from power plants sometime in the next few years. The banks will require utilities seeking financing for plants before then to prove the plants will be economically viable even under potentially stringent federal caps on carbon dioxide, the main man-made greenhouse gas.
The banks are under pressure from environmental groups but say their bigger motive is financial. Most major presidential candidates favor legislation to limit emissions. "What is earth-shakingly different between now and two years ago is the focus on CO2," says Eric Fornell, vice chairman of J.P. Morgan's natural-resources banking division. Several states have begun requiring utilities to account for the potential cost of emissions in new-plant plans.
The banks say they will encourage energy-efficiency and renewable-energy pushes before backing new coal plants. And they say they will help utilities push for new government policies that make efficiency programs and renewable energy more practical.
Then tell them nuclear will be the flavor of finance and years before the nuclear plants are on line there will be a massive electric grid expansion to accommodate electric trams,buses and plug-ins of all types.