Leery of mounting a frontal assault on Wall Street reforms, House Republicans have opted for a guerrilla-style war on the Commodity Futures Trading Commission even as it struggles with a new mandate to regulate the famously rich and wild swaps market.
Just Wednesday, the House Financial Services Committee approved the latest in a series of legislative efforts to challenge the CFTC’s rule making on trading in derivatives. Despite its new responsibilities, the agency’s budget has been effectively frozen at the insistence of the House GOP.
Read the rest at Politico
Now in GOP crosshairs: CommoditiesBy: David Rogers
(h/t Roger Erickson)
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