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Commodity Futures Trading Commission

Obama's Last Test

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

If in a year Elizabeth Warren and Gary Gensler are gone, then you know that financial reform was all a sham. You'll know the character of Obama by the people he chooses. And you'll also know the economic fate of our country.

Hollywood Goes Wall St.: Controversy Over Plans To Allow Gambling On Movies | JOSEPH PLAMBECK | Posted 05.25.2011 | Los Angeles

The Motion Picture Association of America, the film industry group, has asked the federal commission that oversees futures exchanges to prevent the tr...

'Accountants' and Lawyers' Welfare Act of 2010': Financial Reform Rife With Loopholes | Michael Hirsh | Posted 05.25.2011 | Business

President Obama and leading Democrats are calling the "Restoring American Financial Stability Act of 2010" the greatest overhaul of Wall Street since ...

President Obama Bests Bush and Cheney in Coddling Oil Markets

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

There is a great deal the president could do to change the psychology of the oil market and put downward pressure on prices. We don't have to accept $4/gallon oil on a permanent basis.

Obama Finally Takes On the Banks -- Commodity Futures Trading Needs Be Next!

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Since we'll never eliminate the commodity exchanges that trade oil futures, we must at least control speculation and trades.

Will We Ignore Brooksley Born Again?

Katherine Spillar | Posted 05.25.2011 | Business
Katherine Spillar

Will the U.S. Congress listen to the echoes of Brooksley Born's voice when they tackle forthcoming legislation to better regulate the over-the-counter derivatives market?

Let Us Now Praise Uppity Women

Linda R. Monk, J.D. | Posted 05.25.2011 | Business
Linda R. Monk, J.D.

Women like Brooksley Born have a long history of being whistle-blowers in systems dominated by men. Perhaps this time Congress -- and the American people -- will listen.

Food: Commodity or Human Right

Ruth Messinger | Posted 05.25.2011 | World
Ruth Messinger

Last year, enough food was produced on our planet to feed humanity nearly twice over. So how is it that 30 children will die of hunger or a related cause by the time you finish reading this column?

Shahien Nasiripour

Congressional Committees Quietly Kill Portion Of Derivatives Bill; No One Watching For Systemic Risk | Shahien Nasiripour | Posted 05.25.2011 | Business

Two congressional committees in charge of drafting legislation to regulate derivatives have quietly killed a provision that would allow the Federal Re...

Scott O'Malia: Obama Appoints Ex-Lobbyist For Enron-Like Company To Top Regulator Position

Mother Jones | David Corn and Daniel Schulman | Posted 05.25.2011 | Politics

During his confirmation hearing last year, Scott O'Malia, a Republican Senate aide nominated to be a commissioner on the Commodity Futures Trading Com...

Dutch Firm Accused Of Manipulating Oil Prices By CFTC | LANDON THOMAS Jr. | Posted 05.25.2011 | Business

LONDON -- Its superfast, supersecret oil trading software was called the Hammer. And if the Commodity Futures Trading Commission is right, the name...

Oil Prices: Debate Over Speculators Intensifies | Steven Mufson | Posted 05.25.2011 | Business

The run-up in oil prices that began earlier this year was not as steep as last summer's record climb, but it was almost as mystifying....

Wall Street Fights Back Against Curbs On Oil Speculation

Washington Post | Zachary A. Goldfarb | Posted 05.25.2011 | Business

The Commodity Futures Trading Commission will consider new measures to curb speculation in the markets for energy and other commodities, the agency is...

Gensler Confirmed as Head of the CFTC - Will He Be Watching Oil Prices?

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Gensler will have to move away from the agency's "head in the sand" policy of recent years, while defending commodity futures trading against accusations of undue influence.

New York Times Lulls Public into False Sense of Derivatives Security

Michael B. Laskoff | Posted 05.25.2011 | Business
Michael B. Laskoff

Let's think of derivatives like plutonium and the financial system as a nuclear power plant. By all means, use the fuel but never, ever forget its awe-inspiring capacity to wreak destruction.

How Congress Rushed a Bill that Helped Bring the Economy to Its Knees

Paul Blumenthal | Posted 05.25.2011 | Politics
Paul Blumenthal

If ever there was a case where Congress should have given more time and listened closer, this was it. Now, we're all paying for it.

Ryan Grim

White House, Sanders In Talks Over Controversial Nomination | Ryan Grim | Posted 05.25.2011 | Politics

The White House and Sen. Bernie Sanders, a Vermont independent, are in talks to resolve differences surrounding a controversial nomination to the Comm...

Oil Prices Were Manipulated, U.S. Government Commission Charges

Janet Ritz | Posted 05.25.2011 | Green
Janet Ritz

The agency charged with "ensuring the integrity of the futures & options market," has accused Optiver Holding of manipulating the prices of crude oil, heating oil and gasoline futures on the NY Mercantile Exchange.

Senate Democrats Under Pressure To Lift Offshore Drilling Ban

Kate Sheppard | Posted 05.25.2011 | Green
Kate Sheppard

Last week, some Democrats signaled that they would be willing to endorse offshore drilling. And on Tuesday, Senate Majority Leader Harry Reid said he might allow voting on offshore drilling.

Paulson's Plan In A Nutshell

New York Times | MICHAEL M. GRYNBAUM | Posted 05.25.2011 | Business

The NYT reports: The Bush administration on Monday rolled out the broadest overhaul of Wall Street regulation since the Great Depression, presenting...