CFTC beats regulation drum, gets more cash
17 Jul 2008
The Commodity Futures Trading Commission’s acting chairman Walt Lukken continued to answer to committees and critics in Washington last week, as legislators demanded answers to questions about manipulation of energy markets.
In an appearance before the House Appropriations Sub-committee on Agriculture, Rural Development, Food and Drug Administration and related agencies on July 10, Lukken defended the role of speculators in the markets saying that “the liquidity provided by speculators has tended to lower the costs of...
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