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Response to babylonsister (Original post)

Tue Jun 26, 2012, 12:19 PM

3. Here's the REAL reason why they're staying quiet

Forbes.com, 4/17/2012: President Obama unveiled a plan Tuesday to increase regulatory oversight of oil markets to limit the “illegal manipulation, fraud, and market rigging” that have contributed to gas price increases. Citing many Americans’ pain at the pump, the President asked Congress for an additional $52 million for the CFTC to clamp down on speculators...

Obama also called for harsher civil and criminal penalties for manipulation in key energy markets. Fines would be increased to $10 million, from $1 million currently, along with “a new toughened penalty structure for market manipulation in energy markets.”


In short, regulation WORKS.


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