I've written quite a bit about the Dodd-Frank financial regulation legislation and the power it gave to the Commodities Futures Trading Commission to curb commodities speculation. Also covered here, a couple of months ago it became clear that the congress was not going to let the CTFC pursue its mandate.
Last week the CTFC budget was gutted, and now it looks like they will be laying off staff. Incredibly, possibly the only government agency worth preserving in full seems to be the only one not growing in both power and numbers!
Pretty hard to regulate without regulators. Congratulations America, the Wall Street Casino wins again. Now listen to Newt #OWS, and go take a bath and get a job!
