Author: JakthehammerJakthehammer
Date: Jun 12, 2008 18:37
Yup........It's About TIME.........Donchaknow.........
"International Herald-Tribune
Crackdown urged on speculation in commodities markets
Published: June 12, 2008
In Washington, financial speculators have a fat target on their backs.
They are being blamed for high gasoline prices, soaring grocery bills
and volatile commodity markets, and lawmakers are lashing out at
market regulators for not cracking down on them more vigorously.
"You study it, but you don't act against this incredible increase in
speculation," Senator Carl Levin complained to a senior official of
the Commodity Futures Trading Commission at a recent Senate hearing.
"Unless the CFTC is going to act against speculation, we don't have a
cop on the beat."
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