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Under the Mountain Bunker

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twitter.com/charyl:

    “Unless you run a financial institution whose business model is built on cheating consumers, or making risky bets that could damage the whole economy, you have nothing to fear from Wall Street reform.” – President Obama, in his weekly address, calling for stricter reform after J.P. Morgan’s multi-billion dollar loss. – Political Wire

    (Source: underthemountainbunker.com)

    — 2 years ago with 4 notes
    #news  #politics  #president obama  #jp morgan  #wall street reform  #regulation 
    "Sen. Bernie Sanders (I-VT), along with Sens. Richard Blumenthal (D-CT), Sherrod Brown (D-OH), Ben Cardin (D-MD), Al Franken (D-MN), Amy Klobuchar (D-MN) and Bill Nelson (D-FL), unveiled legislation today that would force the Commodity Futures Trading Commission to begin limiting speculation in oil markets within the next two weeks. The CFTC was given the power to curb speculation in energy markets by the Dodd-Frank financial reform law, but has yet to begin doing so. Gas prices at the moment are rising despite the lowest demand for oil since 1997, and many experts point to excessive speculation as the cause."
    — 2 years ago with 99 notes
    #news  #politics  #oil speculation  #regulation  #limiting oil speculation  #price of gas  #democrats