Page 4 - Position Limits News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 them from having the money to use it. >> why aren't the position limits being enforced that are outline...

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 haven't seen the photos yet. what exactly are they supposed to show us? >> apologizing for the contents of these pictures ahead of their publicat...

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, there's 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 bit. so of course, prices are back up past where they were at the time he did it and they have mad...

>> 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 can't 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 opportunities to step in. what i was concerned about and you see it in the response they sent back ...

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, we've got to get this done by may 23rd. that's a memorial day weekend. certainly people are going to be driving a lot. we're going to try to put a real edge behind this and get it done by may 23rd. but mr. greenberger, position limits would ...