Disgusting.

"It looks like you're trying to trade hundreds of millions of dollars of commodities while you're drunk. I'm just going to disable your internet connection for a little while."

we have to do away with oil futures. You want oil, you buy it.

I'm not going to click on cnbc's site either, cnbc is mainstream media propaganda.

How'd the guy get authorization to trade? Who's his manager? Who owns the company and who benefited from the "drunken" actions? Who did the guy make the trades through, what broker? Doesn't the broker have limits?

Too many real questions that aren't answered.

that we're told to believe again. The narrative says the problem's not systemic and not even criminal. Heck, the guy didn't even know what he was doing.

much did the average citizen end up paying

Woohoo!!

Seems like those conditions are endemic in those circles. And yet law enforcement goes bonkers over a few MJ plants in somebody's back yard.

In General Discussion

http://www.democraticunderground.com/10021407978

And was a little surprised to be told that I was overreacting a little. My big shock was that one person had enough sway over the global price of oil that he could change the price by $1.50/barrel globally in half an hour.

But the brokerages and large corporations want to be deregulated further? They all collectively have their twitchy finger over the same button, and they want to take the safety catch away. No deal.

you are NOT overreacting. Under reaction, and we keep paying exorbitant prices. I was looking at a monthly gas bill from feb 2000, cold time here, 48.00 fucking bucks. last february 303.00. overreacting, no. Someone made millions from this bastards drunken spree. They got the gold mine, we got the shaft, per Willie Nelson and very true.

and that's the one they get upset about...because they didn't profit.

Call a big CFTC investigation because oil fell last week...it wasn't on the schedule.

This nonsense and gambling has got to stop.

by brokers. In that case we can assume that most brokers are drunk most of the time then if that's the
excuse they want to use.

I don't believe one word of that "drunken" bullshit...He was obeying orders and knew exactly what he was doing...

hence the drunken BS lie. Those agents that was with him needs to answer some questions too;

How did they know he was drunk?

Did they find him drunk?

Where was he when they found him?

These are just a few that comes to mind based on their report.

One guy drinks and the oil companies make billions. It's just that easy!

release their strategic oil reserves when oil prices hit their peak, and the supply level was at it's lowest, and commodity futures speculators leveraged everything they could get their hands on to buy futures, betting on the price going up.

Then BOOM the oil reserves are released and the price drops, and bankrupts many of them.

Dodd-Frank was (theoretically) supposed to stop that kind of speculation, but since the regulators who are charged with doing it refuse to, that was a pretty clever move. A move designed SPECIFICALLY to break the backs of many speculators who were deliberately driving the price UP, and make others think twice about doing it in future.

If you're going to constantly be accused of being a Chicago thug, you may as well act like one. Frankly, people ADMIRE thugs, especially when they take on OTHER thugs in the interests of the people.

Either that, or the invisible hand of Jack Daniels, and the VISIBLE hand of some commodities broker wanking all over his computer keyboard.

Not authorized to invest company cash, yet can still get his hands on HALF A BILLION DOLLARS from the company? Must have been from the "Take a Penny/Leave a Penny" dish near the cash register.

And if you pull my leg, it plays "Jingle Bells."

mikey_the_rat

And he won't let us DRILL BABY DRILL! That's what they say on Fox so it must be true!

Now it's down two cents.