Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Sen. Blumenthal floats grand jury to probe cause of rising gas prices

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 04:24 PM
Original message
Sen. Blumenthal floats grand jury to probe cause of rising gas prices
http://thehill.com/blogs/e2-wire/677-e2-wire/157497-sen...

Sen. Richard Blumenthal (D-Conn.) on Sunday called for an aggressive federal probe including a possible grand jury into whether rising gasoline prices stem from illegal manipulation of energy markets.

(snip)
Blumenthal, Connecticuts former attorney general, said on CBS Face the Nation that federal officials need to play hardball.

I commend and applaud the president for focusing on this issue but I think there really needs to be an investigation involving, for example, subpoenas and compulsory process which I used as attorney general in similar investigations. There needs to be very possibly a grand jury to uncover the potential wrongdoing, said Blumenthal, who was elected to the Senate last year.

The Justice Department should take the lead, seize this moment and send a message, a very strong deterrent message that this country will not tolerate the kind of illegal speculation and trading and hedge fund activity that may be driving prices up, he added.
Printer Friendly | Permalink |  | Top
CTyankee Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 04:28 PM
Response to Original message
1. Dick was a GREAT Attorney General! He got things done in CT.
I hope he succeeds. He knows his way around the laws on consumer protection and he'll be like a dog with a bone on seeing it through...
Printer Friendly | Permalink |  | Top
 
CC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 04:34 PM
Response to Original message
2. I hope he and the Senate
can look into things. There have been other times that the prices spike for no valid reason and just the threat or investigations by the Dem controlled House used to make them drop drastically.



Printer Friendly | Permalink |  | Top
 
QED Donating Member (253 posts) Send PM | Profile | Ignore Sun Apr-24-11 04:35 PM
Response to Original message
3. Good.
It cost me nearly $40 to fill up a Honda Civic yesterday. A civic! That hurt. I wish there was public trans to work but not here and changing jobs is not an option - I'm lucky to have one. Thankfully I can carpool a couple days a week but $40!
Printer Friendly | Permalink |  | Top
 
NutmegYankee Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 04:39 PM
Response to Original message
4. I so miss having him as AG.
He knew how to kick corporate ass.
Printer Friendly | Permalink |  | Top
 
RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 04:41 PM
Response to Original message
5. He's asking Holder to take the lead?
Printer Friendly | Permalink |  | Top
 
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 06:38 PM
Response to Original message
6. Wouldn't speculation require market manipulation to be illegal?
Otherwise speculation is completely legal right?
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Oct 25th 2014, 10:00 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC