Cota seeks oversight on oil traders
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#1 Mar 1, 2010
This man should be in congress. Mr. Cota Please keep up the pressure on the useless representatives in Washington, And thanks again . john
#2 Mar 1, 2010
I think Cota is right. Futures trading is relatively unregulated and is open more for speculators to make quick profits than to help longer term pricing stability of the commodities. I think one possible solution would be to implement a minimum holding period of securities. Since they are to help support long term price stability, you shouldn't be allowed to buy and sell the same securities within a certain time period.
#3 Mar 1, 2010
Thanks,We all should petition all our representatives for some form of regulation as this will get worse if the economy starts to pick up. This past 2 days gas jumped 25 cents a gal.All because Wall ST. used the excuse saying that manufacturing was up. But in reality its only because inventories were being replenished. If you watch the market the speculators raise and lower the gas acordingly.We blamed the Arabs an oil companys before but it was Speculators all along.This economney will never get going with this Wall ST greed an uncertney. Donald Trump was on the money when he said 2 yrs ago, If Gas goes over $2 a gal it will wreck the economey. So lets send Mr Cotas report to our repesenitives demanding some action an puting Poliseys health care aside for a while/
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