Thanks KO - we need this Enron loophole explained

[malaise]

day and night. Get the speculators out of the market.

[OmmmSweetOmmm]

1. This is a fantastic report!

[malaise]

4. Out of this world

There go McSame's energy lies.

[OmmmSweetOmmm]

13. And will the public, who don't listen to Keith, hear of them? Fat chance.

[Hissyspit]

22. VIDEO HERE:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x149189

[Robeson]

2. He's nailing it....

...and stamping it on McCain.

[XOKCowboy]

3. I was just about to post about this...

when I saw your post. KO Is Back! He's hitting the Enron loophole big time.

[spanone]

5. yes, that was brilliant...

[Gold Metal Flake]

6. Remember: it's the REPUBLICAN Enron Loophole

Force them to own their evil.

[havocmom]

Yep and never let the public forget it.

GOP= Grandma Millie fuckers.

[Fuzz]

7. Good report. Hope others follow suit, but I won't hold my breath.

[Riddler]

8. Anyone who sees that explained the way KO did and still votes for a Republican

is a damned ignorant fool, and trust me, that's putting it nicely

[muntrv]

9. Phil Gram needs to be jailed for grand theft, based on this report.

[lonestarnot]

10. He should be shot at sunrise with a 12 man squad after being convicted of treason!

[sam sarrha]

27. i lost the best job i ever had to one of his bills..

[XOKCowboy]

11. He nailed Krystal in Worst Person big time...

Oh cool!! As I was typing this the Move-On "If you're counting on Alex, you can't have him" commercial came on! Great ad!

[malaise]

12. That's a superb ad n/t

[Lasher]

19. Icing on the cake!

Man, that Enron loophole thing was an eye opener. Evil GOP assholes cashing in at the nation's expense. And it's always good to see Krystal get his. The man seethes evil.

[NewJeffCT]

28. Can you summarize what KO said about Kristol?

and, what Bill "I've been wrong 100% of the time on Iraq" Kristol said that had him on the Worst Persons list?

[XOKCowboy]

32. It was about Habeus Corpus - Watch it here..

http://www.msnbc.msn.com/id/3036677/#25252700

Scroll down to Worst Person for yesterday.

[NewJeffCT]

35. Thanks

I'll watch it when I get home tonight.

[rocktivity]

14. Yes! Yes! Yes! Yes! Yes! YESSSSSSS!!!!!

A towel and a cigarette, please...

:smoke:
rocknation

[malaise]

15. Link

http://www.msnbc.msn.com/id/3036677/#25252591

[Misskittycat]

16. Great report. I'd like to see lots more on different topics.

[ladywnch]

17. does anyone know if the farm bill that Congress just over rode

Bush's veto on is the same farm bill they were referring to in the report?

Can we be that lucky? Is this the farm bill that had the closure of the 'enron loophole'?

Anyone?????

[malaise]

21. Yes the closure of the loophole is in the bill

http://www.mwe.com/index.cfm/fuseaction/publications.nldetail/object_id/83dc0e01-bdd3-4161-bac0-aeab8d282c84.cfm

<snip>

Highlights of the New Provisions

Closing the Enron Loophole

The CFMA included a provision exempting from CFTC regulation energy and other exempt commodity contracts traded on over-the-counter (OTC) electronic exchanges by eligible commercial participants. Dubbed the “Enron Loophole,” this exemption allegedly enabled Enron Corporation to engage in manipulative trading practices undetected through EnronOnline. Amaranth Advisors LLC also allegedly was able to carry out its manipulative scheme because it maintained a large portion of its position in a market outside of the CFTC’s jurisdiction. Driven by the fallout from Enron and Amaranth, as well as increased volatility in energy markets, Senator Feinstein, Levin and others repeatedly have tried to close the loophole.

The Reauthorization Act of 2008 brings energy commodities and metals traded on electronic exchanges that are exempt commercial markets (ECMs) within the purview of the CFTC by requiring ECMs to follow certain prescribed core principles with respect to contracts that the CFTC determines serve a “significant price discovery function.” These principles include the following:

* Listing only contracts that are not “readily susceptible to manipulation”
* Monitoring trading to prevent manipulation
* Obtaining and providing the CFTC with information on trader positions
* Adopting where necessary and appropriate speculative position limits or accountability rules
* Making price and volume information available to the public
* Adopting rules whereby the board of trade can exercise emergency authority

In addition, the CFTC Reauthorization Act of 2008 requires traders of such “significant price discovery contracts” (SPDCs) to maintain books and records of positions and transactions on electronic trading facilities and provide large trader reports to the CFTC.
delete sentence

[sam sarrha]

25. they have gone to Saudi and Emirates and don't keep no stink'n records

they saw this come'n and prepared for it

[backscatter712]

26. I was wondering if closing the Enron loophole will start bringing gas prices down.

Though Keith mentioned there's another loophole that allows foreign companies to game the system, say from Saudi Arabia and the UAE as you mentioned.

[malaise]

29. Check # 8 here

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=3483029&mesg_id=3483097

change link

[sam sarrha]

33. it is in these links...

that is what I.C.E. is.. a black investment market.. for insider speculation.. if you control the market
YOU CAN BET ON WHAT YOU F'n DO NEXT...

http://www.insiderscoop.com/article/Morgan,%20Goldman%20Shave%20Positions%20in%20ICE%20-%20Barron's%20Online.htm

http://news.google.com/news?hl=en&q=++DARK+OIL+MARKET&um=1&ie=UTF-8&sa=X&oi=news_result&resnum=1&ct=title

http://www.cbsnews.com/stories/2008/06/17/broadcasts/main4188620.shtml

http://www.google.com/search?hl=en&q=++DARK+OIL+MARKET&btnG=Search

[malaise]

36. The loophole was closed in the Farm Bill

but I still don't understand what the new changes really mean.

[sam sarrha]

38. NOT for forign linked investments

[bluesmail]

18. man oh man he was mad about it. n/t

[babylonsister]

20. Obama needs to get on this. Olbermann opened this door. And Phil Gramm.

Ugh!

[Riddler]

23. I always thought Phil Gramm was a disgusting POS before I ever knew how corrupt the scumbag was.

[malaise]

24. Question - since the loophole was plugged in the Farm Bill

has speculation stopped yet and if not why not? When does the law take effect. See #21

add.

[XOKCowboy]

30. The video is now up on CrooksandLiars

http://www.crooksandliars.com/2008/06/19/countdown-mccain-oil-and-the-enron-loophole/

[malaise]

31. The KO video from his site was posted twice on this thread

last night.

[XOKCowboy]

34. Whoops....

He said rubbing sleep out of his eyes...

[malaise]

37. LOL

KO now has live streaming so it's really easy to link :hi: