Beam me to Planet Gore !
Posted on 07/11/2009 8:44:12 AM PDT by FromLori
Sens. Dianne Feinstein (D-CA) and Olympia Snow (RINO-ME) have introduced a bill to make the Commodity Futures Trading Commission the sole regulator of the carbon market created by cap-and-trade legislation.
So does this mean that freebooting Goldman Sachs could be the de facto regulator of the carbon market?
Consider that:
The current chairman of the CFTC is Gary Gensler, formerly of Goldman Sachs. Goldman Sachs is a part owner of the exchanges where carbon allowances would be traded. Goldman Sachs has spent millions of dollars lobbying for cap-and-trade legislation in anticipation of making billions of dollars at the expense taxpayers and consumers. Goldman has a special exemption from the CFTC to exceed the trading limits normally placed on commodity speculators. Not only was this exemption secret for 17 years, the CFTC recently had to ask Goldman for permission to release the letter to Congress! Goldman Sachs employees are heavy contributors to the Democratic Party giving it over $4.4. million in the last election. Barack Obama received more than $997,000, Feinstein received $24,250, and Snowe received $17,000 from Goldman. All-in-all, this could result in a pretty decent return-on-investment for Goldman. As the global warming bubble inflates and then bursts, will Goldman Sachs self-regulate all the way to the bank… making record profits at the expense and misery of taxpayers and consumers?
Can you tell the difference between the CFTC and Goldman Sachs?
Another player, amongst a list of players would be the Chicago Climate Exchange. 0 got federal funding for it. Al Gore and Henry Paulson (GS as well) have a financial interest in the CCE as well.
Lots of inside Law making to fill the pockets of these crooks.
I remember reading about gore positioning himself for this years ago. Unreal how transparent this is. Goldman seems to run treasury, and benefited directly from the looting of said treasury over the last year.
Sometimes I get the feeling that the financial oligarchy, the internationale of socialists and the TRAITORS within are working against “we the people”.
“The Committee on Energy and Commerce's Subcommittee on Oversight and Investigations, of which I am a member, is currently investigating energy speculation and at hearings in December 2007 and June 2008 has examined whether greater regulation is necessary to stop price manipulation.”
The very same people Waxman and the Democrats accuse of price manipulation are going to be running the cap and trade system. Our government is now like that of the former Soviet Union or George Orwell's 1984.
C & T will make almost all of us poorer but a very select, well-connected few will become spectacularly (think trillionaire) wealthy.
The resurgent growth of economic feudalism.
I have no doubt the Cap and Trade fiasco will pass. Just way too much money going into the pockets of the politicians and a great tax revenue source for the government.
Goldman benefited the most from the stimulus. Paulson needs to be investigated.
It’s like the fix is in, and we cannot do anything about it.
lol only sometimes? Why oh why does goldman think they have any say in the dollars dominance?
Why are they pulling along with that evil soros for china?
http://www.bloomberg.com/apps/news?pid=20601109&sid=ay67icisnzws
I don’t think so. I hope the good people in CA and Maine will vote these two losers out of office preferable without pensions since we the public can not afford their pensions.
“Paulson needs to be investigated.”
Paulson has not even been brought before congress to testify in any capacity this year about last year’s events, as far as I know. What a rigged game.
Here come the Green Derivatives! Just another phony bubble in the making.
As a former Maine resident, I CANNOT BELIEVE that a Mainer is going to help manage this CO2 hoax! I’ve read that the Republicans that vote with this administration are being blackmailed. What does Snowe have in her background that she is trying to hide?
So Goldman Sachs is going to create wealth out of thin air?
Yes, out of like 1/1,000 of the air. Very thin indeed.
Good point.
More forced/coerced taxation/payment.
I believe that Sarah Palin is going to try to help bring some of our RINOs into line. I sure hope that she can do it.
Maine is a poor state without much industry, and a too short growing season. The fishing industry has been under fire for years, all over the country, as well as logging. I remember hearing complaints about 20 years ago, from Maine residents, about the confiscatory state income tax on everyone making over $60,000/yr, that was driving out the middle class.
My husband went to high school in Maine and just a few weeks ago, we were checking out the Classmates web site for his school. No one lived in Maine any longer, they had almost all left.
GS makes Enron look like a convent, IMO. If it’s possible for a corporation to be evil, then I believe GS is evil’s personification.
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