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

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.
You've been listening to Butterball Beck, too-often there, Skippy.

:rolleyes:

[ame=http://www.youtube.com/watch?v=f2iHksmF7m4]YouTube - American Casino: Greenspan's "flaw in the model"[/ame]

Run-along, now.......

107.gif
 
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."


gas.prices.comic.JPG

Really?

http://www.usmessageboard.com/3582464-post1.html

http://www.usmessageboard.com/3583734-post8.html

http://www.usmessageboard.com/3583788-post9.html

http://www.usmessageboard.com/3583813-post11.html

http://www.usmessageboard.com/3584275-post18.html

http://www.usmessageboard.com/3593577-post151.html
 
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."


gas.prices.comic.JPG

Really?
Yeah....really.....just like....

[ame=http://www.youtube.com/watch?v=WKunHXtQYuo]YouTube - The Price Of Oil[/ame]

*

They still call it Learning From The Past, but....unfortunately.....there's been no allowance made, for the ill-educated/illiterate Teabaggers.

That's why Lil' Dumbya always says.....

[ame=http://www.youtube.com/watch?v=eKgPY1adc0A]YouTube - Bush "Fool Me Once..."[/ame]​
 
Does anyone read OL'Sherpas Posts??

Jesus. Who can get by the colors and type all over the place??

I gave up. I just scroll through them. Does anyone actually take the time to read em??
 
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