Energy Futures: The Risk in Speculation Limits
The bottom line according to Businessweek: The CFTC's push to limit commodity speculation faces opposition from House Republicans who now share control over the agency's budget.
CFTC Chairman Gensler might not have the three votes needed to impose even those limits. Democratic Commissioner Michael V. Dunn said there's no "reliable economic analysis" that proves excessive speculation is affecting markets. "My fear is that, at best, position limits are a cure for a disease that does not exist," Dunn said. "Or at worst, a placebo for one that does."
Publication
Businessweek
Date
January 20, 2011
Cross References (links may require a Cabinet subscription)
Dodd-Frank Act, Title VII, Sec. 737