08/23/2009 05:12 am ET Updated May 25, 2011

Matt Taibbi: Sommers Wrong Pick For CFTC

In yet another win for the anti-regulation effort in general and banks like Goldman Sachs in particular, President Barack Obama has just re-nominated Jill Sommers to a spot as one of five commissioners on the Commodity Futures Trading Commission, the body that oversees derivatives and commodities trading.

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