(Community Matters) It’s about time. Must practice care so as not to obstruct legitimate hedging of costs by industry. However, barely legit oil & gas enterprises owned mostly by financial firms, allowing them to skirt limits should be unveiled and capped.
It’s such a reverse of position for me. However, the blatant disregard for our macro economic health by the US financial industry which continues to place its profit maximization ahead of all else, which continues to leverage public monies borrowed from the Fed and Treasury against us even if they do pay back TARP funds, which ridiculously accounted for 40%+ of corporate profits during much of the last decade despite not contributing meaningful production . . . . regrettably, I’m willing to let the pendulum swing too far the other way for a while. There appears to be no curbing their greed otherwise.
Community Matters 