Changes to commodities regulations expected: report

[ben_meyers]

The entire 1999 law repealing the Glass-Segal Act needs to be changed. The deregulation of the financial markets is killing us.

NEW YORK (Reuters) - The U.S. commodity markets' chief regulator will unveil policy changes next week meant to address public and political concerns that market malfunctions may be contributing to rising food and energy prices, The New York Times reported on Saturday.(snip)

Facing mounting political pressure and farm industry demands, the CFTC is expected to outline measures to address the role played by new financial investors in the futures markets, the Times said, in particular those who invest through commodity index funds, which have grown from a $13 billion stake in 2003 to some $250 billion this year, it said.

http://news.yahoo.com/s/nm/20080531/bs_nm/usa_cftc_prices_dc_1;_ylt=AmpB.elBbfBukfWayS4GG.AE1vAI

http://www.streetsmartreport.com/school/Commentaries/My%202006%20Wish%20for%20the%20U.S.%20Financial%20System.html

[bluesmail]

1. I thought only congress and Frat Boy's approval via pen

could change the policies of Wall Street.

[Zynx]

2. We have a vast regulatory framework in this country that doesn't need Congress or the Pres.

In fact, they are designed to function without them.

[bluesmail]

3. You mean they make the laws to benefit themselves?

Figures.:sarcasm: