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Commodity Futures Trading Commission

Exxon Profits Ironically Jump 41% While Our Government Snoozes Away

Raymond J. Learsy | Posted 01.03.2012 | Business
Raymond J. Learsy

Ironically, Exxon's significant increase in profits of late comes after its Chairman and CEO virtually pleaded in May with the pooh-bahs of the Senate Finance Committee to rein in the excessive speculation, if not manipulation, of oil on the commodity exchanges.

Commodities Trading Regulator Filed Record Actions In Past Year

AP | Posted 12.07.2011 | Business

WASHINGTON -- A federal agency that regulates commodities trading says it brought the most enforcement actions it has in its 37-year history during th...

As Stocks Gyrate the Oil Patch and Their Casino Cronies Continue to Strangle the Economy

Raymond J. Learsy | Posted 10.15.2011 | Business
Raymond J. Learsy

The formation of oil prices in this day and age is a farce, having little and ever less to do with the market disciplines of supply and demand.

Oil Speculation At Chevron Laid Bare For All to See

Raymond J. Learsy | Posted 09.19.2011 | Business
Raymond J. Learsy

Given the latest news that Chevron has been leveraging its insider status for huge profits, isn't it time our government began to rein in the massive oil market speculation? Or are the interests of the financial and oil industries just too well connected to permit change?

Ex-Trader Admits To Threatening To Kill Financial Regulators

Posted 09.17.2011 | Business

NEW YORK (Jennifer Golson) - A former commodities trader pleaded guilty on Monday to threatening to kill more than 40 financial regulators, includ...

Barron's Brings Us Halloween in July Predicting $150/bbl Oil

Raymond J. Learsy | Posted 09.04.2011 | Business
Raymond J. Learsy

Business must be slow and circulation down at Barron's. What better way to stimulate newsprint distribution than a blazoned scaremonger front page headline as in this past weekend's edition, "Get Ready For $150 Oil".

Mitch McConnell: Slowing Down Financial Regulation Good For U.S.

NASDAQ | Corey Boles | Posted 08.22.2011 | Politics

WASHINGTON -(Dow Jones)- The senior Senate Republican voiced strong support for House Republican efforts to reduce the budgets of the primary federal ...

U.S. Regulators: Progress Being Made Towards Global Financial Rules

AP | MARCY GORDON | Posted 08.16.2011 | Business

WASHINGTON — Federal regulators said Thursday they are collaborating with other nations on rules intended to prevent another global financial cr...

Oil Traders Sued For Manipulating Market During 2008 Crisis

AP | Posted 07.24.2011 | Business

WASHINGTON -- U.S. commodity regulators are suing three companies and two individuals claiming they manipulated crude oil futures prices on the New Yo...

Time for Financial Regulators to Limit Speculation in Oil Market

Robert Creamer | Posted 07.13.2011 | Business
Robert Creamer

The big fluctuations in the price of crude oil over the last several weeks gave fresh evidence of the ever increasing influence of speculators on the price every day Americans pay for gasoline. Why isn't the government stepping in?

Goldman Sachs Says Regulators Might Bring Fraud Charges

AP | Posted 07.10.2011 | Business

WASHINGTON -- Goldman Sachs & Co. says one of its units is being investigated by federal regulators over whether it improperly used investment account...

Volatile Commodity Prices Are Costing Consumers Big Time

New York Times | GRAHAM BOWLEY and WILLIAM NEUMAN | Posted 07.06.2011 | Business

The extreme volatility of commodities prices and the unpredictability that comes with it is increasing the cost of doing business for everyone....

Preventing the Next Flash Crash

New York Times | EDWARD E. KAUFMAN Jr. AND CARL M. LEVIN | Posted 07.06.2011 | Business

ONE year ago, the stock market took a brief and terrifying nose-dive. Almost a trillion dollars in wealth momentarily vanished. Shares in blue-chip co...

SEC Chair Says Cuts Could Have 'Profound Impact' On Agency

The New York Times | BEN PROTESS | Posted 07.05.2011 | Business

Financial regulators asked lawmakers on Wednesday for more money to enforce dozens of new rules and oversee Wall Street. ...

Regulators Save Money Riding Discount Buses Instead Of Amtrak

The New York Times | BEN PROTESS | Posted 07.04.2011 | Business

Government regulators on the Wall Street beat have long been outnumbered and outspent by the companies they are supposed to police. But even after rec...

Dan Froomkin

Dodd-Frank Deadlines Slip, But Barney Frank Isn't Worried

HuffingtonPost.com | Dan Froomkin | Posted 06.28.2011 | Business

Deadlines for many of the rulemakings mandated by last summer’s financial reform legislation have slipped, leaving the implementation dates for some...

Ryan Grim

Leahy Presses Obama To Name Key Reformer To Swaps Panel

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

WASHINGTON -- Sen. Patrick Leahy (D-Vt.) is lobbying President Obama to appoint Sean Cota, a Vermont business owner and an advocate of the regulation ...

Elise Foley

Senate Dems: GOP Cuts Would Cause Surge In Gas Prices

HuffingtonPost.com | Elise Foley | Posted 05.25.2011 | Politics

WASHINGTON -- With gas prices soaring, 45 Senate Democrats signed a letter on Tuesday urging GOP leaders to abandon their proposed cuts to the budget ...

Don't Worry About the Oil Prices

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

The crass ignorance of the realities in the Middle East and the exploitation of that ignorance by speculators compounded by the mediatization of the...

Elise Foley

House Approves Bill With Massive Spending Cuts After All-Night Session

HuffingtonPost.com | Elise Foley | Posted 05.25.2011 | Politics

***UPDATED*** WASHINGTON - After an all-night session, House Republicans early Saturday morning passed legislation that would slash $60 billion in ...

Bernanke: Regulators Can Handle 'Too Big To Fail' Banks

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Fed chairman Ben Bernanke said on Thursday that regulators could now handle the collapse of a "too big to fail" bank. The next day, presenting a new r...

Regulators Writing Derivatives Rules Received FORGED Lobbying Letters

bloomberg.com | Silla Brush and Clea Benson | Posted 05.25.2011 | Business

Nov. 30 (Bloomberg) -- Forged comment letters purportedly from an H.J. Heinz Co. executive, a Burger King Co. franchise and at least five other Arkans...

Opaque Commodity Trading: You'll Be Paying for it at the Pump

Daniel Dicker | Posted 05.25.2011 | Business
Daniel Dicker

Get ready for $4 gas and your local Starbucks brew heading north of 5 bucks -- all courtesy of the financial lobbyists, hedge fund traders, industry spokesmen and a brow-beaten CFTC.

Time to Dismiss the CFTC Chairman and His Commissioners

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

The Dodd-Frank Act gave the CFTC until January 2011 to set limits to curb excessive speculation in the energy markets. Lo and behold, Chairman Gensler told lawmakers the CFTC wouldn't meet the deadline "because it doesn't yet have sufficient data."

Fed Intervention in Commodity Futures: A Case for Reverse Sterilization

Hilda Ochoa-Brillembourg | Posted 05.25.2011 | Business
Hilda Ochoa-Brillembourg

By Hilda Ochoa-Brillembourg President, CEO & CIO Strategic Investment Group Notwithstanding the possibility that more policy intervention in the U.S. ...