Meet Andrew J. Hall, arguably a href="http://www.nytimes.com/2009/08/02/business/02bonus.html"the king of oil commodities future speculators/a. It was him and his ilk, in addition to legitimate supply and demand concerns just 12 short months ago, who were probably adding an extra $25/bbl to the price of oil even as we were already officially in a recession and moving deeper into it.br /br /It’s people like him who have caused the recent spike in gas prices, all because Wall Street is less “recessed” than you and I.br /br /Oh, and he wants $100 million from Citigroup for his work, even though Citi got bilions in TARP money from Uncle Sam, aka “you and I.”br /br /That all said, this is now the second time in less than a week that I’ve rhetorically asked why we have no Congressional action on another promise, or quasi-promise, from Obama, to rein in commodities speculators. (That said, that wasn’t just an Obama promise — at the periphery of the bailout table last October, a lot of people were saying we needed this.)div class="blogger-post-footer"There is no god and I am his prophet.img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/7532871-519413960488347057?l=socraticgadfly.blogspot.com'//div
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