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CFTC's Gary Gensler calls news reports about the Commission reversing its stance on oil-price...

Jul. 28, 2009 5:42 PM ETBy: Jason Aycock, SA News Editor2 Comments
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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Comments (2)

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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!!

Tom Au, CFA profile picture
"snafu" Situation normal; all fouled up.
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