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See ya CAP & TRADE...Chicago Climate Exchange Closes in Silence

I thought this seemed like some good news on the Cap & Trade front.I guess if they can't make money off of it they have no need for it.

On Election Day 2010, Reuters noted briefly that Intercontinental Exchange Inc. (ICE) was “shedding some 40 employees from its … Chicago Climate Exchange (CCX) by the end of the year, with further cuts [expected] in 2011.” In its curt announcement, Reuters said that all trading on that exchange had virtually stopped in July “due to the lack of U.S. action on climate change.”

Incredibly (but not surprisingly), although thousands of news articles have been published about CCX by the lamestream media over the years, a Nexis search conducted a week after CCX’s announcement revealed no news articles published about its demise. [Emphasis added.]

Outside of a report in Crain’s Chicago Business and a soft-pedaled article in a small trade publication, the media has entirely ignored the demise of the … effort at carbon trading. Even Glenn Beck, who has dedicated quite a bit of Fox News airtime to exposing CCX, has yet to mention the news.

Founded in 2002 by Northwestern University professor Richard Sandor with $1.1 million of grant money from the left-wing Joyce Foundation, CCX was to be the jackpot winner for those planning to profit from the coming cap-and-trade bills pending in Congress. The exchange found investors ranging from Ford, DuPont, Motorola, the University of California, Tufts University, Michigan State University, and the National Farmers Union all the way to Goldman Sachs and Al Gore’s company, Generation Investment Management.

http://www.thenewamerican.com/index.php/tech-mainmenu-30/env...



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Intercontinental Exchange. Inc. (ICE): Goldman & Morgan Stanley

Brokers play w/ oil.

Goldman Sachs & Morgan Stanley created ICE (their private start-up Casino exchange) run Oil price up to $147 / barrel. What those rascals did was illegal in America so they off-shored it.

Goldman Riverboat Casino Gambling... Are You In?
Submitted by Mark Twain on Fri, 03/19/2010 - 18:48.
http://www.dailypaul.com/node/128255#comment-1375050
(details Goldman run for $147 oil scam)

No Dancing ? No Singing? What Kind of Casino are You Running?
Submitted by Mark Twain on Wed, 05/26/2010
http://www.dailypaul.com/node/135851#comment-1449551
(lists Monopoly players)

Al Gore, former US VP, is a Carnival side show. "Global Warming" was his epic bluff.

Whether you call his carnival show,
"Cap-N-Tax" or "Tax-N-Trade" or "Cap-N-Crunch."
it did not change the weather.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Some good news.

Some good news.

bump

bump

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
Rand Paul 2016

In the right direction

This a good turn for sure. Hopefully the investors will give up trying to make us believe the b.s. that we're all killing the planet. Nothing is better then George Carlin's arguement that the world has been through a lot worse things then humans. Good thing Gore has his beach front propety, I was hoping the seas would rise and wash him away. To bad

Commerce with all nations, alliance with none, should be our motto. - T. Jefferson rЭVO˩ution

"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” - BASTIAT

fireant's picture

I hope Gore loses his A$$

.

Undo what Wilson did

"down, but not out". Still,

"down, but not out". Still, is a good sign.

Yeah i guess if they can't

Yeah i guess if they can't make any money it's just not worth saving the world.
Lol...
We need to make sure this is "down for the count"!

I'd rather die on my feet than live on my knees...