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Message: Re: New delay for CFTC vote
4
usk
Jan 13, 2011 05:27AM
1
Jan 13, 2011 06:53AM

Found same source at http://www.foxbusiness.com/markets/2011/01/12/cftc-delays-vote-clearinghouse-governance-rules/

Reuters had another story: http://in.reuters.com/article/idUSTRE70B6ZP20110112

"It has become increasingly clear that Wall Street seeks to use the rule-making process to eviscerate the new position limits," said a letter signed by Democrats including Maria Cantwell, Bill Nelson and Carl Levin.

Reuters came out a few minutes ago with the delay confirmation:

http://in.reuters.com/article/idINN1222612520110113

How can 2 institutions change the rules of the game THE NIGHT before an important meeting is beyond me...

This is the SECOND time in less than a month that CFTC delays the vote. Talk about desesperation. This is becoming ridiculous. The US market regulation is becoming a joke. Period. they should transfer CFTC to Zimbabwe, that would be much better handled there.

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