Page 5 - Position Limits News Today

Government to tighten position limits, the caps that are supposed to prevent speculators from influencing the price of everything from gas to wheat to cotton. the same republicans who are blocking enforcement of those caps are blaming the president for not increasing the supply of oil with more digging. they always want to dig. and while so far it seems president obama may not even realize the role wall street is playing in these price increases today, press secretary jay carney suggested the wh...

Prices of gas, as you reported, go over $4 a gallon. oil was at $147.27. theres no other reason that i can see, no one can explain why prices were that high. but we did have $200 billion of speculative interests come into the markets over a several-year period. and i think that helped spike prices up. again, i think theyre tapping the gas pedal when they get into markets, if they have a big footprint. im not suggesting that they are driving it. certainly the middle east and other issues are havi...

There does not have to be a political fight to grant it. all that has to happen is the commissioners, three have to vote to put in place position limit. as you pointed out michael dunn sort of the swing vote on this has expressed skepticism of the wisdom of it and is up for reappointment in june. he said he wans to see more evidence. he can go either way. the white house has to choose someone who is going to be good on this issue. as commissioner gary gensler who they nominated has been they nee...

There does not have to be a political fight to grant it. all that has to happen is the commissioners, three have to vote to put in place position limit. as you pointed out michael dunn sort of the swing vote on this has expressed skepticism of the wisdom of it and is up for reappointment in june. he said he wans to see more evidence. he can go either way. the white house has to choose someone who is going to be good on this issue. as commissioner gary gensler who they nominated has been they nee...

Speculators. president obama campaigned in 2008 on cracking down on wall street speculators. in his wall street reform law it does just that but republicans have blocked the funding for both the s.e.c. securities exchange commission and the cftc the commodity futures trading commission to enforce it. so as we reported last night, one of the cftc members, michael dunn, has been a skeptic on position limits which cap how much commodity trading wall street speculators can do, so the big question is...

I want to point out tonight not one word about wall street speculators. president obama campaigned in 2008 on cracking down on wall street speculators. in his wall street reform law it does just that but republicans have blocked the funding for both the s.e.c. securities exchange commission and the cftc the commodity futures trading commission to enforce it. so as we reported last night, one of the cftc members, michael dunn, has been a skeptic on position limits which cap how much commodity tra...

Speculators helped, putting enough money in the system to keep things liquid. after the depression, fdr saw that speculators could drive up the price of wheat, corn, whatever, by betting on commodity futures the way wall street later bet on dot coms. distorting food prices like that could destroy the very stability future contracts were created to provide so fdr signed into law what are called position limits -- limits on how much of the total betting could be done by wall street. and what do yo...

Speculators helped, putting enough money in the system to keep things liquid. after the depression, fdr saw that speculators could drive up the price of wheat, corn, whatever, by betting on commodity futures the way wall street later bet on dot coms. distorting food prices like that could destroy the very stability future contracts were created to provide so fdr signed into law what are called position limits -- limits on how much of the total betting could be done by wall street. and what do yo...

Country or any other for that price. the position limits, which you referenced, are critical in that they represent a limit as to how much grain could potentially actually exist. the elimination of the position limit makes it such that you can suddenly buy more grain than exists on the entire planet because now youre just speculating on the price or potential price and creating all the price inflation you described so well. >> high prices, rural america does well. that ag dollar turns seven time...

Price. the position limits, which you referenced, are critical in that they represent a limit as to how much grain could potentially actually exist. the elimination of the position limit makes it such that you can suddenly buy more grain than exists on the entire planet because now youre just speculating on the price or potential price and creating all the price inflation you described so well. >> high prices, rural america does well. that ag dollar turns seven times on main street. so america i...