Dodd-Frank vs. Prices-At-The-Pump

[Mr. Shaman]

April 29, 2011​

“There is no question that speculation is playing a role in the rise of gas prices,” said Rep. Barney Frank (D. Mass.), the ranking member of the House Financial Services Committee and key author of the Dodd-Frank law.

Commodity traders know the sky’s the limit because the key safeguards in Dodd-Frank that would rein in speculation are still mired in the rule-making process with the Commodities Futures Trading Commission.

Traders know they can also freely bet against a falling dollar. Oil, gold and other dollar-denominated commodities move inversely to the buck.

Speculation policing, however, is not on the books. The GOP budget plan even calls for cutting the CFTC’s staff by two-thirds, so even if the more stringent Dodd-Frank rules emerged, the agency may not have the cops to enforce them.

Congress has known for a while that speculators rule the roost and force oil prices higher. For years, political shaming sessions would be staged in front of key energy committees, but these wet-noodle floggings of oil company moguls never resulted in any meaningful investigations or tougher laws.

Meanwhile, oil companies and traders gorge on obese profits.

Exxon-Mobil even had the cheek to post a recent blog noting “…it’s really not credible to suggest that we are responsible for world oil prices.” Sure, and Donald Trump has never made a dime in real estate and hates publicity."

Ga$oline Price$ Can Be Curbed​

 

[Stephanie]

Holy shit, Dodd and Frank. a couple of REAL geniuses there.

Wonder how much STOCK they both own in OIL.

 

[Mr. Shaman]

Holy shit, Dodd and Frank. a couple of REAL geniuses there.

Wonder how much STOCK they both own in OIL.

You can always be relied-upon, to say absolutely nothing.

 

[Stephanie]

Holy shit, Dodd and Frank. a couple of REAL geniuses there.

Wonder how much STOCK they both own in OIL.

You can always be relied-upon, to say absolutely nothing.

Oh, was this cartoon like thread you posted about Frank and Dodd suppose to say something?

 

[Big Fitz]

April 29, 2011​

“There is no question that speculation is playing a role in the rise of gas prices,” said Rep. Barney Frank (D. Mass.), the ranking member of the House Financial Services Committee and key author of the Dodd-Frank law.

Commodity traders know the sky’s the limit because the key safeguards in Dodd-Frank that would rein in speculation are still mired in the rule-making process with the Commodities Futures Trading Commission.

Traders know they can also freely bet against a falling dollar. Oil, gold and other dollar-denominated commodities move inversely to the buck.

Speculation policing, however, is not on the books. The GOP budget plan even calls for cutting the CFTC’s staff by two-thirds, so even if the more stringent Dodd-Frank rules emerged, the agency may not have the cops to enforce them.

Congress has known for a while that speculators rule the roost and force oil prices higher. For years, political shaming sessions would be staged in front of key energy committees, but these wet-noodle floggings of oil company moguls never resulted in any meaningful investigations or tougher laws.

Meanwhile, oil companies and traders gorge on obese profits.

Exxon-Mobil even had the cheek to post a recent blog noting “…it’s really not credible to suggest that we are responsible for world oil prices.” Sure, and Donald Trump has never made a dime in real estate and hates publicity."

Ga$oline Price$ Can Be Curbed​

You don't have an original thought in your head do you Shameman?

 

[Soggy in NOLA]

Holy shit, Dodd and Frank. a couple of REAL geniuses there.

Wonder how much STOCK they both own in OIL.

You can always be relied-upon, to say absolutely nothing.

Oh, was this cartoon like thread you posted about Frank and Dodd suppose to say something?

It's Sheman... expect nothing. I've ferns with higher IQ's.

 

[Soggy in NOLA]

I wish Sheman's mommy would take its Crayolas away.

 

[LordBrownTrout]

I think Shaman has artificial intel for a brain. I don't think I've ever seen an original thought contrived from serious thought.

 

[del]

You can always be relied-upon, to say absolutely nothing.

and you can always be relied upon to say even less.

 

[xsited1]

The Shaman troll posts are awesome because they are colorful and aligned perfectly.

They really are a work of art.​

 

[Skull Pilot]

Dodd/Frank

More like Dong/Yank

 

[Big Fitz]

I think Shaman has artificial intel for a brain. I don't think I've ever seen an original thought contrived from serious thought.

I'm wondering if he could pass a Turing Test.

 

[Mr. Shaman]

Gee.....White Wingers supporting outta-control $peculation.

Who'd have guessed it.

 

[Liberty]

This is all fucking smoke screen, and I am not surprised dumbasses like shaman buy into it. Gas prices are going up because the fed is printing more money lowering the value of the dollar to keep the economy from breaking. OPEC uses the dollar exclusively to buy oil, therefore the prices rise (via speculators) in REACTION to the dollar losing value.

Wake the fuck up, people. Don't you get it? The government is putting their chips on the bet that the American people are too stupid to realize the truth right in front of them; and thanks to imbeciles like shaman, the bet might pay off for those who are the real problem.

 

[Mr. Shaman]

This is all fucking smoke screen, and I am not surprised dumbasses like shaman buy into it. Gas prices are going up because the fed is printing more money lowering the value of the dollar to keep the economy from breaking. OPEC uses the dollar exclusively to buy oil, therefore the prices rise (via $peculator$) in REACTION to the dollar losing value.

Gee.....how revealing.....

 

[Liberty]

This is all fucking smoke screen, and I am not surprised dumbasses like shaman buy into it. Gas prices are going up because the fed is printing more money lowering the value of the dollar to keep the economy from breaking. OPEC uses the dollar exclusively to buy oil, therefore the prices rise (via $peculator$) in REACTION to the dollar losing value.

Gee.....how revealing.....

What you are doing, is in effect blaming the person effected, rather than those that are are causing the root of the problem. When V. Lenin talked about useful idiots, he was referring to people like you.

 

[peach174]

Oh yeah just wonderful ol Barney, the same one who said that Fanny and Freddie did not need any more regulations.
reining in the speculator's, ha! when Bernanke is the one who needs to be stopped from the printing of our money.

 

[whitehall]

Barney Frank should be in jail and so should Dodd. Don't forget when democrats gained the majority in both houses of congress midway into Bush's 2nd term Fannie Mae started to collapse. Frank confessed that he had "ideological blinters" on which means he let Fannie go under in order to create the biggest October surprise in history, the collapse of the US economy, in order to usher in a socialist government. Of course Frank is going to blame big business, that's what socialists do.

 

[Antiderivative]

Speculation policing, however, is not on the books. The GOP budget plan even calls for cutting the CFTC’s staff by two-thirds, so even if the more stringent Dodd-Frank rules emerged, the agency may not have the cops to enforce them.

The problem with this statement is that Democrats are in power and are not reigning in speculation.

This is expected since Obama appointed Gary Gensler to the CTFC, one of the chief supporters behind toxic derivative trading. This guy hates transparent markets.

He is no Brooksley Born.

 

[Big Fitz]

Oh yeah just wonderful ol Barney, the same one who said that Fanny and Freddie did not need any more regulations.
reining in the speculator's, ha! when Bernanke is the one who needs to be stopped from the printing of our money.

Barney's the turd that just won't flush in a low flow toilet.