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And speculators use it as a chance to spike prices, to drive up prices. and when republicans were in control, the -- and their allies on wall street, they clearly just operated in the dark. they never went after the speculators. that why we wrote into the dodd-frank bill, we gave the government, the cftc, the tools, if you will, to go after the speculators. we bring transparency. they would have to tell us -- wed know how many speculators were in the market, what they were buying, the quantity t...

Right direction. but its fragile. and if gas prices go where they could go, unchecked, and speculators running rampant in the market, if we see $4 a gallon gas and go through what we went through in 2008, this recovery could be tanked. isnt this a critical juncture right now for the democrats to make sure this gets done? >> yeah, its a critical juncture for the country especially importantly. i was at the gas station talking to people in norwood, maybe two weeks ago, a couple sundays ago in cinc...

Where the president was on position limits. he said he didnt. where do you stand on position limits? where should the president stand on position limits? >> i think the presidents moving in the right direction on this. i think that he wants to put somebody strong to replace dunn on the commission. i think hes empowered gents ler of the cftc to be aggressive. i know hes fighting for the budget as we are to make sure once the rules are in place, that the budget is enough, that they can go after --...

Fire at a refinery or outage in a pipeline, or any unrest in the middle east, the oil industry and speculators use it as a chance to spike prices, to drive up prices. and when republicans were in control, the -- and their allies on wall street, they clearly just operated in the dark. they never went after the speculators. that why we wrote into the dodd-frank bill, we gave the government, the cftc, the tools, if you will, to go after the speculators. we bring transparency. they would have to tel...

Limits? where should the president stand on position limits? >> i think the presidents moving in the right direction on this. i think that he wants to put somebody strong to replace dunn on the commission. i think hes empowered gents ler of the cftc to be aggressive. i know hes fighting for the budget as we are to make sure once the rules are in place, that the budget is enough, that they can go after -- you know, bring them out of the dark, these speculators, and make sure that they in fact can...

Reform bill called for speculators, republicans want to cut the funding for the agency that would be in charge and give the oversight. and last night, ohio senator sherrod brown, along with 47 other democratic senators, wrote to republican congressional leaders, mitch mcconnell and speaker boehner, calling on them to abandon those financial cuts to the cftc. and senator brown is here tonight with us. and i appreciate it. senator, good to have you with us. >> good to be back. thank you. >> there ...

And if gas prices go where they could go, unchecked, and speculators running rampant in the market, if we see $4 a gallon gas and go through what we went through in 2008, this recovery could be tanked. isnt this a critical juncture right now for the democrats to make sure this gets done? >> yeah, its a critical juncture for the country especially importantly. i was at the gas station talking to people in norwood, maybe two weeks ago, a couple sundays ago in cincinnati. theres real fear among sma...

The republican strategy to help wall street and big oil has been to really defy the small businesses that are out there begging for curbs on speculators. even though the dodd-frank reform bill called for speculators, republicans want to cut the funding for the agency that would be in charge and give the oversight. and last night, ohio senator erd brown, ang with 47 other democratic senators, wrote to republican congressional leaders, mitch mcconnell and speaker boehner, calling on them to abando...