If Senators Say Something “Stands to Reason” It Probably Doesn’t

A group of senators from western states, led by Diane Feinstein, have sent Gary Gensler a missive accusing the CFTC of violating the letter and spirit of Frankendodd by failing to register major energy companies (e.g., BP, Shell) as swap dealers. Each paragraph of the letter is more risible than the one before. They set [...] View the full post at: If Senators Say Something “Stands to Reason” It Probably Doesn’t Related posts: 30-year Swaps: Look’s Like We’ve Got a Bad Transmittor Report Finds No Evidence Of Oil Manipulation The Battle Between Reason and Fear