Quote:
Originally Posted by Jim Richards
So, you're all in favor of government regulation then, right? Investigations that find something wrong will lead to oversight and regulations, unless Congress has changed its ways. Investigations that find nothing wrong will just waste time for executives trying to run their businesses.
IMO, if the system isn't working the way everyone likes, it's because of the way commodities/futures are bought and sold. Change the mechanics of trading to what everyone agrees on.
I just think this is a witch hunt looking for blame finding and an opportunity to add Congress' light touch to the the industry.  |
Your logic doesn't float man - so if they investigate and find something actually wrong it's okay but if they don't find something actually wrong then they are wasting the Executive's time. Becuase they MIGHT be wasting their time they should just leave it alone while gas goes up another $1.00 as I type this.
An investigation has to be motivated by something so without an 'agenda' there wouldn't be one. The agenda could be as simple as 'what's going on here because it is significant to the economy as a whole.' It doesn't sound to me that you would find that simple 'agenda' to be significant enough to warrant an investigation.
I have always had my reservations about NOT regulating the energy market - the opportunity for foul play is just too great and requires MORE regulation to maintain the 'free' market than it would probably take to regulate energy. Enron produced 'SOX' and if they find something Enron-esque in this current situation then we'll end up with even more.