CFTC Floats Rules Aimed at Speculation
• Washington Post
The Commodity Futures Trading Commission will consider new measures to curb speculation in the markets for energy and other commodities, the agency is set to announce today.
The move aims to reduce the volatility of prices but faces resistance from top Wall Street firms, which fear the efforts could cut into profits. Regulators and lawmakers increasingly worry that these firms have used their size and power to inflate the prices of commodities, booking profits in the process.
Ha ha ha...ROFL!
And if I buy that one, what else are they gonna try to sell me? Beachfront property in Bhagdad? Or a luxury penthouse apartment in Gaza?