Page 2 - Position Limits News Today

Lawmakers had forgotten things. somebody said of the kings of france after the revolution when they were restored, they have forgotten nothing because they learned nothing. they didnt forget anything -- they were against regulation during the period when they ran the congress, when they wont do anything about fannie mae and freddie mac or subprime loans despite their rhetoric now that says they were so upset. they overwhelmingly opposed any financial reform during the period. chris got three rep...

Ground. where were talking about soy and corn, the spike in prices has been the fundamentals driven by drought and then thats amplified by what seems to someone who has been following us for the last four years like a pricing system for commodities that has grown increasingly volatile and that cashes out in very real ways. when we export a lot of grain throughout had worthe world and spike and somewhere else in the world is paying more for their bread. if were entering a period of time in which ...

Position limits for oil speculators, that would send a very strong signal and i think that would have an impact. but i dont think there is any particular magic wand. but we as well try to focus on some short-term steps. ultimately, we should be diversifying and reduce our extendence, natural gas, not just because pennsylvania is more shale region, but natural gas can play a significant role in diversifying our energy sources, cheaper form of energy, very clean and also one that will reduce our d...

Statutory authority right now on position limits for oil speculators, that would send a very strong signal and i think that would have an impact. but i dont think there is any particular magic wand. but we as well try to focus on some short-term steps. ultimately, we should be diversifying and reduce our extendence, natural gas, not just because pennsylvania is more shale region, but natural gas can play a significant role in diversifying our energy sources, cheaper form of energy, very clean an...

Absolutely right. we gave them the authority under the law. the republicans are trying to keep them from having the money to use it. >> why arent the position limits being enforced that are outlined? >> this is a reason why i wanted a single led of the consumer bureau. the commodities future trading commission is a five-member body. three democrats and two republicans. when president obama took office one of the democrats was a man that didnt believe that speculation had impact on oil. he was wi...

Unfortunately, the securities industry went to court and is trying to get that thrown out. the second thing the republicans did, we gave the cftc over derivatives in general including speculation and energy. the republicans in the house refuse to raise the amount of money they get. they get something like $250 million to try to regulate this multi-trillion dollar economy. what the president said is absolutely right. we gave them the authority under the law. the republicans are trying to keep the...

afghanistan to tell you about. general john allen, the is now strongly condemning some photos that will be appearing in "the los angeles times" at 8:00 a.m. eastern time and those photos depict u.s. troops posing with the bodies of suicide bombers in afghanistan. the incident which took place back in 2010 "represents a serious error in judgment by several soldiers who acted out of ignorance and unfamiliarity with u.s. army values." nick, we havent seen the photos yet. what exactly are ...

You know, you wrote in a recent piece that the the president has done a great deal to get the price of gas down. tell us about that, but answer this ultimate question for me, is there anything that he can do to control it? >> if answer is no -- the answer is no, theres no dial that turns gas prices down. what the president has done already is about all that a president can do within, you know political reality in washington. he has tapped the reserve last year, that helped to bring down price as...

>> what exactly who they do then? are they trying to limit the way that folks can trade it? you had acknowledged legitimate uses for forward hedging for folks who actually use oil in their businesses? >> no question about that. what we are advocating somebody called position limits which basically says that speculators cant take so much of the oil out of the marketplace. the agency has the existing authority then that was in effect supplemented by the dodd frank legislation that gave additional ...

The cftc. can the president put pressure on the cftc? the nominee is there but they can put in position limits. senator, what about that? >> certainly the congress can. the fact of the matter is, this agency is stuck in a regulatory swamp. they were supposed to have acted on this quite sometime ago and what we have said as united states senators, 17 of us, weve got to get this done by may 23rd. thats a memorial day weekend. certainly people are going to be driving a lot. were going to try to put...