house Bill H.R. 2289
Should a Reauthorization for the Commodity Futures Trading Commission Come With Reforms Attached?
Argument in favor
Letting the CFTC ease into the new regulations by passing legislation telling them what to do is the best way to ensure that these reforms actually happen helping U.S. farmers, ranchers, and other participants in the derivatives markets.
01/20/2016
This bill seems practical. The bill's goal is to help both the sellers (farmers, ranchers, etc.) and the consumer with help managing risks and keep consumer prices low.
06/27/2015
Wall street has a gambling problem. They rig the games in their favor. Derivatives are the Crack coca in of wall street... never mind that the instrument itself is based on phantom liquidity. Only spoiled fat cats can't see why these instruments are dangerous and a lie to begin with.
07/16/2015
Commode trading what? If this is in the Dept. of Commerce the entire sorry bureau should have been axed. It is not a function of our Constitutional governance.
Argument opposed
The CFTC is trying to prevent derivatives from unravelling the financial markets again and causing another crash, it shouldn’t be told how to do its business by Congress. Plus, it'll just get vetoed even if Congress passes it.
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05/08/2016
This is just another way to avoid regulation of a dangerous practice. We already bailed them out once. Why repeat the mistake?
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07/03/2015
No No No. Reduce red tape and regulations whenever possible - do NOT increase obstacles to the free markets. HOWEVER - no more bailouts.
06/12/2015
Less government intrusion is preferred and should be the goal of a Republican. Unless there are specifics not mentioned, that's my view. Commodities are financial instruments that should not be traded by the novice.
This bill seems practical. The bill's goal is to help both the sellers (farmers, ranchers, etc.) and the consumer with help managing risks and keep consumer prices low.
Wall street has a gambling problem. They rig the games in their favor. Derivatives are the Crack coca in of wall street... never mind that the instrument itself is based on phantom liquidity. Only spoiled fat cats can't see why these instruments are dangerous and a lie to begin with.
Commode trading what? If this is in the Dept. of Commerce the entire sorry bureau should have been axed. It is not a function of our Constitutional governance.
This is just another way to avoid regulation of a dangerous practice. We already bailed them out once. Why repeat the mistake?
Too much free reign and lack of ethos in our financial markets.
Less government intrusion is preferred and should be the goal of a Republican. Unless there are specifics not mentioned, that's my view. Commodities are financial instruments that should not be traded by the novice.
Our economic casino is probably the most dangerously powerful and ill-intentioned organization on the planet. It is the ultimate expression of lavish and masturbatory self-interest, at the expense of whoever today's victim may be. We need stability, not growth, a sustainable existence, not a race to the top. We are already pushing our planet past the breaking point on a daily basis, and it's only encouraging more people to push even harder. Wall-street is a place where people with money try to push harder against the natural cycles to generate more money for themselves to continue pushing even harder tomorrow. It is the ultimate casino, and it's going to break the bank. Remember scarcity? How about absence? What about no longer being able to cultivate resources because we have burned and wasted all the fuel that was held in our soil? We need a plan to prevent our self-interests from killing all of us, and at least this is a step in the right direction.
No No No. Reduce red tape and regulations whenever possible - do NOT increase obstacles to the free markets. HOWEVER - no more bailouts.