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Big Banks and CFTC Conspired to Hide Speculation from Congress
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Big Banks and CFTC Conspired to Hide Speculation from Congress

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Big Banks and CFTC Conspired to Hide Speculation from Congress

Found this article over at Global Research about the CFTC issuing exemption letters to big banks, starting in 1991, despite regulations preventing speculators/big banks from betting on commodities.

Excerpt: "...When a congressman on the Agricultural Commission asked the CFTC for a sample of one of the exemption letters, the CFTC official said he had to ask Goldman Sachs whether or not the CFTC could show a copy to Congress...."

The Big Banks and Commodities Future Trading Commission Conspired to Hide Speculation from Congress | Global Research


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Well - heads are really gonna roll now....

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DionysusToast View Post
Well - heads are really gonna roll now....

Hello DionysusToast,

Yes, I really hope so. Hope they take a serious stand and do a firm push back with all that is and has been happening. Just read this article over at WND "It begins: Major demand to impeach Obama". Hope they nail him and his accomplices once and for all.

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Laurus12 View Post
Hello DionysusToast,
Yes, I really hope so. Hope they take a serious stand and do a firm push back with all that is and has been happening.

This started under George H. W. Bush in 1991, and congress did not find out about them until 1997 under Bill Clinton.

I think this is more of a case of regulatory capture than anything else.

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This started under George H. W. Bush in 1991, and congress did not find out about them until 1997 under Bill Clinton.

I think this is more of a case of regulatory capture than anything else.

Thanks, and thanks for the link. Interesting that you found it over at Mises Institute. I hadn't come that far to discover that they had a Wiki. Even if the link is just up to the right I noticed now

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