Thursday, June 12, 2008

Sen. Lieberman wants to regulate commodities trading

Michael Greenberger, a former CFTC official, comments on Lieberman's plan:

"Specultors can come in but they cannot dominate the market.... In the WTI (NYMEX + ICE) market it will be 80% speculators and 20% commercials, usually it is exactly the revers. The speculators are in control. Lieberman has a plan to not bar them but bring them within realism and keep this markets more to economic fundamentals."

click for video

video: Speculator Crackdown
Debating whether there should be a crackdown on commodities trading, with Gavin Maguire, of the Iowa Grain Company, and Michael Greenberger, U. of Maryland law professor

read also: Another day another hearing
Wednesday, June 4, 2008

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