We are going to protect the taxpayers from companies that are too big to fail.
Commodity prices have whipsawed American families, farms, and businesses, run roughshod over supply and demand factors.
There has been some discussion here this morning about position limits not applying to the multicommodity swaps.
Do you expect you will take that up?
They did not succeed in that bill. I am glad for that and had something to do with that.
Wall Street needs it big time.
Does that trouble you? Are you OK with it?
I do think it was critical to put this in place and to fully implement it.
But the speculation has now gone way beyond providing the needed liquidity for that kind of hedging.
The rule that came from the CFTC makes a distinction between commodity swaps that reference a single commodity, like oil...
In terms of the excessive amount of speculation, you do not consider that to be legitimate? If it is excessive, it is no...
By the way, we did actually stop it in the Senate.
And are price distortions and large price swings a problem?
Do you believe that the purpose of our congressional enactment is to prevent excessive speculation?
And, therefore, does it require oversight from either or both the SEC and the CFTC?
There was no termination for defaults or suspension or debarment in the cases of these contractors?
Mr. Howard, in your testimony you stated that, because of your efforts, several third country national workers have been...
It is my hope and desire to make sure that those rules that you are implementing are based on that, and that it then pro...
