The point of our legislation I think was to acknowledge that the futures market is absolutely essential for end-users, but that to the extent it is manipulated by Wall Street speculators, it is for their benefit at the expense of consumers in the productive economy.
Peter Welch: “The point of our legislation I think was to acknowledge that the futures market is absolutely essential for end-users…”
On the recordFebruary 28, 2012
Source
congress.govEditor's note · Context
Welch emphasizes the importance of futures markets while criticizing Wall Street speculation harming consumers.
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