In Washington, financial speculators have fat targets on their backs.Senator Lieberman sure is against freedom.
They are being blamed for high gas prices, soaring grocery bills and volatile commodity markets, and lawmakers are lashing out at market regulators for not cracking down on them more vigorously.
“You study it, but you don’t act against this incredible increase in speculation,” Senator Carl Levin complained to a senior official of the Commodity Futures Trading Commission at a recent Senate hearing. “Unless the C.F.T.C. is going to act against speculation, we don’t have a cop on the beat.”
Just this week, Senator Joseph I. Lieberman, the Connecticut independent, said he was working on a proposal to ban large institutional investors from the commodity markets entirely.
Thursday, June 12, 2008
Senator Lieberman Wants to Ban Large Scale Speculators
The New York Times reports:
