This is long over due. They need to regulate the Intercontinental Exchange.
This two part article is MUST read for everyone who drives or heats their home.
http://www.star-telegram.com/ed_wallace/story/651928.html
http://www.star-telegram.com/ed_wallace/story/659081.html
“They need to regulate the Intercontinental Exchange.”
You sure you are on the right website?
This is a free market, conservative, website for people who undestand basic economics.
MORE regulations are NEVER the answer.
All increased US regulations would do will move the trade to China, Hong Kong, London -— somewhere where we’d have LESS oversight and be subject to MORE manipulation by foreign powers.
However, even ICE are the lesser villains here. CFTC (or the Regress...) have simply got to rein in the ''index specs'' and their complete lack of position limits.
Thanks for the info.