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Financial Regulator Shutdown, Halts Investigations of Wall Street Crimes

The government shutdown has entered its second week, affecting hundreds of thousands of government employees and federal agencies. But its impact on one important regulatory agency has gotten little attention. The Commodity Futures Trading Commission, which oversees commodity markets like oil and corn, has ceased most of its operations due to the government shutdown. This comes at a time when the agency is in the middle of implementing Dodd-Frank financial reforms and is expected to issue new rules relating to speculations in commodities markets. The CFTC has also announced that its entire enforcement division will be closed and will not investigate allegations of Wall Street crimes.
http://therealnews.com/t2/index.php?option=com_content&task=...

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Cyril's picture

LOL!

LOL!

At least, they're granting us a pause with that tasteless joke the CFTC is.

How thoughtful of them... Finally!

;P

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

oh, okay, so when they said

oh, okay, so when they said they were gonna shutdown the government, what they meant was the con-sti-tutional, side of it.....right, gotcha........now, where's me proverbial pitchfork

Lmao

Since when does Washington "regulate" Wallstreet?! How low will these people go to terrify their ignorant fan base haha.

"It's not democracy." - Jon Stewart, Comedy Central


Jon Stewart shares nutritional law. 1 minute film review of Federal legislation. Nutritional regulator down for the count!

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

What else is new?

What else is new?

This is macabre.

And the wars continue.... (Gotta keep those terr'ists at bay over there so they don't come over here!)

Howz about our government pulls secret service off Bill Clinton, Poppy and W. Bush, and the rest? (Talk about unnecessary expenditure; those guys are the *real* killers after all, so why do they need *our* protection?!)

What would the Founders do?

DJP333's picture

CFTC ceased operations

due to the shutdown and then almost 2 million ounces notional gold were flushed into the gold futures markets dumping the price of gold to 3-month lows. Really?

http://www.dailypaul.com/302138/800000-ounces-of-notional-go...

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

DJP333's picture

The shutdown was planned by both parties

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

All regulations target competitors of Federal Reserve members

Government interventions always burden many in favor of the few.

If nothing else, Congress put each of us in USA in debt to the tune of 30oz Au.

Rich and poor alike and the value of our currency is debased 7% a year. The century old scam rolls on.

Free includes debt-free!

bigmikedude's picture

Well now,

ain't that convenient.

Exactly

my thoughts also. What else are they doing while the press is asleep?