It was almost unbelievable that the govt. of Pres. Arroyo will dare to challenge the powerful and mighty Lopez Clan. The Lopezes not only control Meralco, but also the mammoth ABS-CBN media giant which is a powerful weapon that they can unleash to destroy their business and political enemies.
Pres. Arroyo must have felt it is time to respond to the continuous vilifications she has been getting from the media giant since the "Hello Garci" scandal in 2005. The constant barrage of criticism she continuously received from ABS-CBN/ANC anchors like Korina Sanchez and Ted Failon must be hurting her and she decided to struck back, using the GSIS to break-up the Meralco monopoly.
A brilliant idea hitting two birds in one stone. By breaking the Meralco monopoly, she can lower the electric rates and exact her pounds of fleash from the Lopezes.
She has only less that 2 years in office and look forward to a legacy she can leave and she rightly seen the cruel monopoly of Meralco and its insatiable greed for profit that makes our electricity rates the highest in Asia. By destroying the monopoly, she actually leave a meaningful legacy for the filipino people.
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