A 247-page report, entitled, Excessive Speculation in the Wheat Market, was released last night by Sen. Carl Levin (D-Mich.), Chairman of the U.S. Senate Permanent Subcommittee on Investigations, and Sen. Tom Coburn (R-Okla.), Acting Ranking Minority Member. Full Story »
Posted by Glenn LaBauve
When the buyers, sellers and congress all complain about the same issue, it seems like it is time to rework it.
This is the same type of manipulation that has led to the bubble economy in real estate and energy, food is a much more precious commodity. We don't need an Enron style collapse or a runaway inflation spiralzl like gas/fuel of last summer, now is the time to demand an end to index trading. The expirement has been a failure.
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