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Opinion Leaders Speak Out
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| | 7/21/2010 - Sen. Maria Cantwell (D-WA), U.S. Senate
"Unregulated and highly leveraged gambling in derivatives (was) a major contributing factor in a financial crisis that has now become an economic crisis. Reining in the dark derivatives market is key to getting capital flowing to community banks and small businesses."
TruckingInfo.com | |
| 4/5/2010 - Arianna Huffington, editor-in-chief, The Huffington Post
"We need financial reform because of the enormous human suffering -- the battered and broken lives -- our current system has caused. Suffering that continues as the ins and outs of reform legislation are being debated."
The Huffington Post | |
| | 8/1/2009 - Ben Stein, commentator, Fox News
"Speculators did this complicated thing where they manipulated the price of natural gas and that, in turn, affected the oil futures. They pushed it up sky high. They made all of us suckers believe we were running out of oil. They told us we were going to have $300 oil, $400 oil so we had to switch to alternative forms of energy. That turned out to be a fraud. It was the speculators making money off us and ruining our lives."
Cavuto on Business | |
| 7/28/2009 - Bill O’ Reilly, host, The O’Reilly Factor
"The government is now admitting that greedy speculators artificially drove up the price of oil, hurting all Americans and lighting the fuse for the intense recession we have now."
The O’Reilly Factor | |
| 7/28/2009 - Bill O’ Reilly, host, The O’Reilly Factor
"Speculators drove the price of oil from $55 to $145 a barrel. Along the way, as I told you, the oil companies raised their prices to us in concert with that."
The O’Reilly Factor | |
| 7/28/2009 - Bill O’ Reilly, host, The O’Reilly Factor
"There was no supply and demand issue, there was no refining issue, it was all a big con. The government agency overseeing the commodities market allowed it to happen and then denied it happened, but today admitted it happened."
The O’Reilly Factor | |
| 7/28/2009 - Bill O’ Reilly, host, The O’Reilly Factor
"The bigger question is the federal government. It simply cannot and will not control corruption. We’re all suffering right now, partially because billions of dollars were taken out of the American economy and put in the pockets of the oil companies and speculators that led directly to the economic collapse."
The O’Reilly Factor | |
| 7/22/2009 - Daniel Dicker, contributor, TheStreet.com
"Investors and traders have made crude oil part of their daily diet of speculation where it barely existed even three years ago."
TheStreet | |
| 7/13/2009 - Steve Pearlstein, Columnist, Washington Post
"There’s lots the government could do to let the air out of the speculative bubble that accounts for much of the recent run-up in oil prices. Congress could close what is affectionately known as the Enron loophole and bring the massive market in commodities derivatives trading under the regulatory scrutiny of the Commodities Futures Trading Commission."
Lincoln Journal Star | |
| 7/8/2009 - Bill O’Reilly, host, The O’Reilly Factor
"The federal government may crack down on oil speculators, the people who hurt us all very badly by manipulating gas prices and giving the oil companies an excuse to artificially raise prices. That, of course, has greatly contributed to the brutal recession we are experiencing right now."
The O’Reilly Factor | |
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