06/17/2009
https://www.congress.gov...
"All right. Again, I would say that in their prepared statement, prior to being approved by CME, they say all index traders were required to receive prior CFTC approval."
"Our report concludes that the increase in the number of futures contracts from 30,000 contracts in 2004 to 220,000 contracts in 2008 has created this additional demand for futures contracts unconnecte..."
"Ultimately, it is the American consumer who will bear the burden of these increased costs."
"It is harder to hedge risk today than it was 10 years ago."