Good start, Vinny, but you need to dig deeper. The Farm Bill's clauses that supposedly re-enable the CFTC to do its job, in fact put all sorts of limits and hurdles in its path. It was, in short, a con to fool those who were trying to attack this problem. That's why it got a veto-proof majority: because it doesn't materially change anything.
Play the entire C-Span video of the hearing again. Listen carefully to all the testimony. It will be the best 2 hours and 18 minutes you'll spend this year.
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Good start, Vinny, but you need to dig deeper. The Farm Bill's clauses that supposedly re-enable the CFTC to do its job, in fact put all sorts of limits and hurdles in its path. It was, in short, a con to fool those who were trying to attack this problem. That's why it got a veto-proof majority: because it doesn't materially change anything.
Jun 13 08:19 am
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All Comments by GH »The Enron Loophole [View article]
Play the entire C-Span video of the hearing again. Listen carefully to all the testimony. It will be the best 2 hours and 18 minutes you'll spend this year.