Massive Fail
Prof. Craig Pirrong critiques CFTC position limit proposal as "a good example of bad regulation . . . [that] inflicts harm on 'massive passives,'" i.e., pension funds and ETFs "even though they do not pose the risks that the Commission uses to justify the imposition of limits."
Publication
Streetwise Professor
Date
January 24, 2011
Cross References (links may require a Cabinet subscription)
Dodd-Frank Act, Title VII, Sec. 737