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« CFTC says its overworked and understaffed | Main | No-show Feith, former Undersecretary of Defense for Policy, offends House Committee »
Tuesday
Jun242008

CFTC welcomes contradictory information

AuthorStaff DateTuesday, June 24, 2008 at 5:51PM
Rep. Tim Holden (R-Pa.) asks Acting Chairman Walter Lukken of the Commodity Futures Trading Commission (CFTC) if the CFTC has analyzed claims concerning what percentage of oil prices are due to speculation. Lukken responds that the CFTC’s economic staff does not know which economic models are being used in these studies and that nobody at the CFTC has found information supports these statements. (0:48)
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