The CFTC's investigation is window dressing - a con. It is run by Bush appointees who are protecting Big Oil.
The FTC is the only body left with the power to uncover the oil price manipulation being committed by the investment banks - chiefly G-S, but also M-S and others. Uncover, but only the CFTC has the potential to be given the authority to stop it - and the recent Farm Bill didn't do that, it needs its old powers back that were stripped by Phil Gramm's "Enron Loophole" in 2000.
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The CFTC's investigation is window dressing - a con. It is run by Bush appointees who are protecting Big Oil.
Jun 06 12:36 pm
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All Comments by GH »Another Fed-Induced Bubble? [View article]
The FTC is the only body left with the power to uncover the oil price manipulation being committed by the investment banks - chiefly G-S, but also M-S and others. Uncover, but only the CFTC has the potential to be given the authority to stop it - and the recent Farm Bill didn't do that, it needs its old powers back that were stripped by Phil Gramm's "Enron Loophole" in 2000.