03-06-2013 01:33 PM
It is really quite pathetic. He's apparently been told or signaled that he won't get any other economic post available in the administration after he requested to be considered, and it's not positive that he will even get the second term. While I guess it would be hard to make progress w/ the CFTC mess he seems particularly inneffective to me. The CME and insiders are running the show. And this administration just doesn't make the moves to hold institutions accountable. At least Gensler is not as smart as Wendy Gramm, wife of Phil Gramm of Texas, who allegedly rigged a CFTC administrative judge to deliver the outcomes she wanted and went on to become director at Enron and on the internal 'auditing committee' before it imploded and the Gramms ran for cover.
Just remember, futures are for the American farmer.
03-06-2013 01:53 PM
Futures are for the American Economy.
Farmers can hedge, reducing risk and collecting excess spec premia.
Futures facilatate greater ag production- good for all.
Phil and Wendy Gramm are very good people, met them once.
"supposedlies" are everywhere.
Maybe the next CFTC head will disalowe the sale side of futures?
03-06-2013 02:53 PM
03-06-2013 03:02 PM
Ahhhh, so the true axis of evil is Gates and Buffet getting together to give their money away to improve the health and well being of millions and the 'Republican' billionares are wearing halos? Give me a break.
EVERY administration gives their rich friends a break after they plunder it seems. Corzine isn't out of the woods yet. He may serve as the token villian. After all, he crossed farmers - not all of society. That's a hangin' offense.
03-07-2013 10:35 AM
You are jumping the gun w/o reading what I said - considering Gensler is a Dem. I was responding to the political - not injecting it.
And I agree on your views of keeping out the political on this forum though few seem to care.