CFTC's Gary Gensler calls news reports about the Commission reversing its stance on oil-price...
CFTC's Gary Gensler calls news reports about the Commission reversing its stance on oil-price factors "premature and inaccurate," saying it's inappropriate "to speculate on data that the Commission will be releasing in the future -- data that none of the Commissioners has seen."
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G. L. Turner
28 Jul. 2009
Yeah - It sounded like he was in a hurry to say this before he comes in front of the Government Sachs and JPM 'men in the room tomorrow'...(his former employer) He is runninng for cover already - Wonder if ol's Lloyd is coming to "BROWBEAT" him too, threaten his pension, or something...BTW, Donahue's testimony, is, as was similar to Newsome's last year...not exactly carrying a smell of reality to it...and, the CME and ICE want to regulate their markets themselves - position limits and margins, (this is code for granting exceptions) -
like they "will insure" that we don't see the 'manipulation' (legal or not) that occurred last year and the likes of such we are seeing this spring..Give me a break - our country/economy is in the toilet because we are allowing the wrong players with the wrong ideals to run things...The biggest 4 Lobbys run the country - and they are at the center of our biggest economic/social ills...Wake up sheeple!!
like they "will insure" that we don't see the 'manipulation' (legal or not) that occurred last year and the likes of such we are seeing this spring..Give me a break - our country/economy is in the toilet because we are allowing the wrong players with the wrong ideals to run things...The biggest 4 Lobbys run the country - and they are at the center of our biggest economic/social ills...Wake up sheeple!!
Tom Au, CFA
28 Jul. 2009
"snafu" Situation normal; all fouled up.