You Go Bernie Sanders
In case there was ever any doubt, the record gas prices of 2008 were caused by oil speculators. Sorry, rightwads — those America-hating treehuggers had nothing to do with it.
Senator Bernie Sanders (Independent—VT) has leaked this information to the press. By publicizing this information, Sanders has infuriated Wall Street CEOs AND their [wink] “regulators.”
As with the Pentagon Papers and WikiLeaks (and their numerous spin-offs), the Powers That Be are having a mass panty-twist that “private” information has been leaked to the lowly public. For people who are NOT part of that self-contained Inner Party of corporate VIPs and the “legislators” and “regulators” who keep going down on them, the information itself should be infuriating, rather than the fact that the information was leaked to the public.
Bernie Sanders said:
“The Commodity Futures Trading Commission has kept this information hidden from the American public for nearly three years. This is an outrage. The American people have a right to know exactly who caused gas prices to skyrocket in 2008 and who is causing them to spike today.”
You Go Guy.
Labels: 2008 gas prices, Bernie Sanders, Bernie Sanders oil speculators, Commodity Futures Trading Commission
posted by Tom Harper @ 1:10 PM
8 Comments:
Unfortunately,
Screaming GREEDY ARABS still works!
Erik
The saddest thing of all is that Bushack HW Obama actually ran on bringing speculators to heel. And like so many o f his other campaign promises, he promptly forgot it. Wall Street will reward him handsomely, I'm sure.
Well, this is the first I've heard of this, but good for Bernie! I wonder how much this story will be buried under stories like celebrity gossip, murders, missing people and sports? After all, we don't want the public getting any madder at Wall Street than they already are.
I read the Reuters story, which was OK as far as it went. But the naming of names was notably absent. I guess anyone who wants names must be a Wall Street Journal subscriber. How nice for News Corp.
The part of the Reuters story that got my eye was this:
"'This type of incident will have a chilling effect on derivatives trading in the U.S. because market participants will be reluctant to take the risk that their positions will be exposed to the public-and their competitors,' John Damgard, president of the Futures Industry Association, said in a statement sent to Reuters.'"
I think derivatives trading ought to be outlawed altogether, so putting a crimp in that chicanery strikes me as a welcome development.
Presidents may come and go but Wall Street is here to keep them pocketed.
Bachman 2012
Erik: Between rabid environmentalists and greedy Arabs, the oil industry has all the phony villains it needs.
JR: I'm sure Wall Street will reward him for his ongoing shtick of "Oh gosh, these Republicans are so mean, I just can't seem to do anything to stop them."
Snave: I was surprised to find this story at Yahoo.com instead of those "radical" sites like Think Progress and Raw Story.
SW: I agree, a "chilling effect on derivatives trading" is just fine with me.
Lisa: "Bachmann 2012"
If you'd like to live in a theocracy, why not just move to Iran where they already have one?
Lisa apparently has no trouble with her Welfare Queen's pocketing of millions of Taxpayer dollars for doing absolutely NOTHING to earn it.
Not a surprise, of course. Lisa isn't exactly coherent.
Trump 2012
Post a Comment
<< Home