Gas Prices and Speculation
The House Democratic Steering Committee heard testimony on the impact of Wall Street speculators on gas prices. Among the topics they addressed were production capacity in the U.S., the affe…
2,791 viewsThe House Democratic Steering Committee heard testimony on the impact of Wall Street speculators on gas prices. Among the topics they addressed were production capacity in the U.S., the affe…
2,791 viewsAcademics testified about derivative trading and the 2008 financial crisis. They provided background information and an overview of derivative trading markets, credit default swaps, and coll…
1,299 viewsMichael Greenberger talked about the role of credit rating agencies in the financial crisis and possible new regulations in the Senate legislation. He responded to telephone calls and electr…
471 viewsMichael Greenberger talked about the Obama Administration’s plan to change rules regarding “derivatives” (financial contracts that are based on the value of a commodity), and he responded to…
714 viewsWitnesses testified about commodities markets and their impact on the U.S. economy. Among the topics they addressed were regulation of futures and commodity markets, speculative trading, cre…
498 viewsMichael Greenberger believes that legislation passed in 2000 created an environment where oil speculators influence the current day price of oil and other crude products. He talked about how…
530 views