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Commodity Futures Trading Commission

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. ...

CFTC Refers Forged Comment Letters to Justice Department

Bloomberg | Silla Brush and Clea Benson | Posted 05.25.2011 | Business

The U.S. Commodity Futures Trading Commission has referred forged comment letters it received on a proposed derivatives trading rule to the Justice De...

Trading Places: Fraud in the Commodities Market

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

In the past six months a huge fraud concerning manipulation and racketeering in the silver market (and now it seems also gold) looks like the making of a horror film.

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

nytimes.com | 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

newsweek.com | 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 ...

Mary Schapiro: Trading Rules Need 'More Clarity'

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The Securities and Exchange Commission will propose new rules covering cancellation of trades in the wake of the May 6 stock market...

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

HuffingtonPost.com | 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

nytimes.com | 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...

Government Considers Limits On Energy Trading

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — With consumers hit by oil price swings, federal regulators may be moving toward imposing limits on speculative energy trading, whic...

Oil Prices: Debate Over Speculators Intensifies

washingtonpost.com | 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. ...