Saturday, December 22, 2012

CFTC Mission

What a crock of $hit.

http://www.cftc.gov/about/missionresponsibilities/index.htm
Congress created the Commodity Futures Trading Commission (CFTC) in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States.

The CFTC's mission is to protect market users and the public from fraud, manipulation, abusive practices and systemic risk related to derivatives that are subject to the Commodity Exchange Act, and to foster open, competitive, and financially sound markets.
A report card would show 100% failure.

No comments:

Post a Comment