CFTC Staff Were Told to Retract Analysis of Suspicious Oil Trades

helsinkiandrew

https://wallhop.io/https://www.bloomberg.com/news/features/2...

pards

https://archive.is/njzLB

master_crab

Forget the IRS. America can balance its budget going after and fining these illegal trades and traders. MAGA! (edit: /s but not about making the government some money off this corruption)

mhh__

These guys are all going to end up in prison at this rate. Dems are currently predicted to win next election no?

ergonaught

This regime, as others like it, poses the constant question, “What are you going to do about it?” And the answer is, largely, nothing. It’s a shame, really.

arn3n

The CFTC, since Trump, has become entirely corrupt. Note that the proliferation of sports gambling in prediction markets, which is explicitly illegal , largely exists because the CFTC refuses to enforce their own legal mandate against Kalshi and Polymarket. It’s actually worse; when states try to shut down sports betting in prediction markets, the CFTC fights on behalf of Kalshi with the reasoning that only the federal government has the mandate to regular futures and prediction markets. And then they refuse to regulate! The CFTC is supposed to have 5 chairs, with no more than 3 in the same party. The administration has gotten around this rule by simply removing 4 of the commissioners and then refusing to appoint replacements. In effect, the CFTC has only 1 republican chair and no opposite party representation. The level of corruption is staggering.

xbar

Corruption?

shevy-java

Total corruption by the orange clown-thief and those around him benefitting from their heist here. The only partially redeeming thing we will soon witness is that he will lose the upcoming elections, no matter how much he plans to cheat. The TechBros pissed off too many people and stole too much money in addition to that. All that money should be given back, directly to the people. The superrich should not be allowed to control and manipulate democracies in general, even though they are currently prepping up the eyeliner-boy as successor to the orange insanity clown.

d--b

Btw, we're talking about 800 million dollars: https://www.wsj.com/finance/regulation/flurry-of-suspicious-...

iugtmkbdfil834

I think this is the part that makes things aggravating. You can have all the rules, monitoring, surveillance you want, but it is all rather pointless if someone simply makes for the machinery to not apply to them. Edit: And, if we accept that this is the default state, then lets dismantle the surveillance part. Might as well be free in that aspect, right?

UncleOxidant

https://wallhop.io/https://www.bloomberg.com/news/features/2...

ericyd

It is important to acknowledge and name corruption for what it is. It's just hard to continue to have novel reactions to it. It reminds me of an article I read once about cartel violence in Mexico, and how people typically become desensitized to the violence.