foreign currency scam

UPDATE:  On May 22, 2008, the Congress passed H.R. 6124, the Food, Conservation, and Energy Act of 2008 (also known as “the Farm Bill”) ... a sharp rise in foreign currency (forex) trading scams. The Commodity Futures Modernization Act of 2000 ... trading authority and operate pools with respect to retail off-exchange foreign currency transactions [more...]

Date: 2009-01-09 11:15:07

Blog posts (20) | No video
 

ARM and Hammer: Bailout Ascends Toward $2.25 Trillion

by anderson Barry Ritholtz at the Big Picture points to the ballooning size of the financial bailout, which is now leaning toward $2 ... requirements by the Commodity Futures Modernization Act. During the early 2000s, the Federal Reserve ... ratio. After the 2004 exemption, firms levered up as much as 40 to 1. Not surprising, the five brokers [more...]

Date: 2008-10-15 17:59:36

Yet Another Reason to Vote Against John McCain

The Progress Report The McCain Economic Council : Looking at the members of McCain's " ... , he was behind the Commodity Futures Modernization Act and the Gramm-Leach-Bliley Act. The former made ... severance package, which, with another $21 million in options, brought her $42 million [more...]

Date: 2008-09-16 18:30:02

Foreign Currency Trading

Managers, pp. 291-299, which can be accessed through the House Agriculture Committee’s Farm Bill Homepage ... currency (forex) trading scams.The Commodity Futures Modernization Act of 2000 (CFMA) made clear ... -exchange trading of foreign currency futures and options contracts with retail customers [more...]

Date: 2009-01-04 19:18:00

Causes: Econbrowser Speaks

Other posts in this occasional series. As you might imagine, I read (or skim) a lot of economics blogs ... -Steagall OK, the Commodity Futures Modernization Act not so much, which is the distinction I also made [more...]

Date: 2009-01-02 02:03:43

Bigger Problems Lurked Behind Deregulatory Measures

On November 12, 1999, President Clinton signed into law the Gramm-Leach-Bliley Financial Services Modernization Act, ... break in 2000, it got Gramm to tack the Commodities Futures Modernization Act onto an unrelated [more...]

Date: 2008-12-23 18:05:41

Marilyn Barrett: "Gotcha" Legislation and Congressional Failures

A 60 Minutes episode aired several months ago focused on the Commodities Futures Modernization Act of 2000 (the "Act") and the substantial role it played in our current economic crisis. The Act [more...]

Date: 2008-12-31 04:00:32

Mickey Beats Me To It

Proving once again that the early bird gets left in the starting gate, Mickey Kaus presents a rebuttal from "emailer Z" ... had been incorporated into the Commodity Futures Modernization Act of 2000. Let's go to Phil Gramm [more...]

Date: 2008-06-05 13:30:26

Marilyn Barrett: "Gotcha" Legislation and Congressional Failures

A 60 Minutes episode aired several months ago focused on the Commodities Futures Modernization Act of 2000 (the "Act") and the substantial role it played... Add to StumbleUpon Add to digg [more...]

Date: 2008-12-31 04:00:32

Quote of the Day: Aggressive lending to 1st-time buyers

From a speech back in 2004 comes this telling quote: > "One other thing I've done, ... 4) whose exemption was made possible by the Commodities Futures Modernization Act. That legislation [more...]

Date: 2008-10-08 21:45:00

NYT: Former SEC Lawyer, “Phil Gramm is the Single Most Important Reason for the Current Financial Crisis”

If there's no such thing as bad publicity, why is it that 2008, for former Republican senator Phil Gramm, ... and Commodity Futures Modernization Act. From the New York Times, 11/17/08: WASHINGTON — Back in 1950 [more...]

Date: 2008-11-17 21:06:05

Introducing ... Treasury Secretary Phil Gramm?

David Corn has the goods on Phil Gramm's role in facilitating Wall Street's woes in Mother Jones ... , this was a Gramm family affair. In 1992, Wendy Gramm, then chairwoman of the Commodity Futures Trading ... Commodity Futures Modernization Act, which not only sweepingly exempted all energy trading carried [more...]

Date: 2008-05-29 21:52:03

ice ice baby

There was no football on tonight, and I did not look at the debates either for I felt I would one, be disappointed in Obama and two, ... on their own, but I got a few more things I would like to shit out of my brain. I have mentioned the Commodity ... in 2000 (Got damn Bill Clinton).The Commodity futures modernization act seemed to have been designed [more...]

Date: 2008-10-08 12:53:00

McCain Economics -- Had Your Phil Yet?

Today, John McCain said "the fundamentals of this economy are strong" and promised to "reduce the burden of government ... as a likely advisor in a future administration. But while Gramm was Chairman of the Senate Banking ... are the Gramm-Leach-Bliley Act (GLB) in 1999, and the Commodity Futures Modernization Act of 2000 [more...]

Date: 2008-09-16 22:37:14

In the loophole

By Kate Sheppard On Sunday, Barack Obama promised to end unregulated oil speculation and close the "Enron loophole," ... that was included in the Commodities Futures Modernization Act in 2000 that exempted energy trading on electronic platforms from regulation. Democrats say that the measure was added to the bill by former Sen. Phil [more...]

Date: 2008-06-23 17:58:38

McCain Aide Created 'Enron Loophole'

Editor's Note: On Wednesday evening, Keith Olbermann, the host of MSNBC's "Countdown," reported the findings of a "Countdown investigation" ... its proposed regulation of energy futures trading, a market that was famously abused when Enron ... into the Commodities Futures Modernization Act that exempted from regulation energy trading on electronic [more...]

Date: 2008-06-19 14:00:00

The McCain Economic Council

ECONOMY This weekend, the U.S. financial system faced what the Washington Post called its “gravest crisis in modern times ... , he was behind the Commodity Futures Modernization Act and the Gramm-Leach-Bliley Act. The former [more...]

Date: 2008-09-16 22:21:30

Olbermann Blames McCain for Bipartisan Clinton-signed 'Enron Loophole'

Almost two years ago, NewsBusters wondered when media would begin reporting Enron's ties to higher oil and gas prices ... "Enron Loophole" created by the enactment of the Commodity Futures Modernization Act of 2000. Though ... trading, deregulation that lets speculators overwhelm trading in oil futures, those complicated [more...]

Date: 2008-06-20 14:38:34

International Forecaster December 2008 (#6) - Gold, Silver, Economy + More

By: Bob Chapman Sunday, 21 December 2008 US MARKETS When, in the wake of the Bear Stearns collapse, ... derivatives market with the passage of the Commodity Futures Modernization Act, an opaque market, which ... destroying it. They were drawing out huge salaries, stock options, bonuses, golden parachutes, fees [more...]

Date: 2008-12-21 17:31:27

How It Happened

From The Big Picture: Its important to understand how this situation occurred in the first place, if we want to be able to fix it ... insurance products 4) whose exemption was made possible by the Commodities Futures Modernization Act [more...]

Date: 2008-10-08 23:13:36

20 Results