Commodities options and futures trading act sanders


Thanks for coming in. But it did have his imprimatur and the letter from the Treasury Department supporting, for the most part, the Commodity Futures Modernization Act, as it was drafted, was used by Phil Gramm at the time as part of his campaign to help sell it. What happened with the market?

Thank you very much. This week, a guest on the program, lawyer John Martini, said the party ultimately responsible for this financial mess is Congress. Was anybody paying attention? What happened with the market?

HR is the gold standard of single payer bills. And she was really a Cassandra-like voice at the time. NPR transcripts are created on a rush deadline by Verb8tm, Inc.

During the Presidential campaign, Sanders took off like a rocket, fueled by the promise of a single payer, Medicare for All single payer system. Summers, who had replaced Rubin, did give testimony in which he said very plainly that he thought swaps should be largely unregulated as derivatives. It is not up to him to decide if single payer can pass in Congress. That task is for the people to decide.

And they quashed it, in effect. Thanks for having me. Sanders must decide whom he is working for. Accuracy and availability may vary. This would fundamentally change our health system that currently treats health as a commodity so that people only have access to what they can afford to a system that treats health as a public necessity so that people have access to what they need.

It is not up to him to decide if single payer can pass in Congress. This week, a guest on the program, lawyer John Martini, said the party ultimately responsible for this financial mess is Congress. Accessibility links Skip to main content Keyboard shortcuts for audio player. The Commodity Futures Trading Commission failed to rein in the derivatives market.

We're joined by Michael Hirsh, who's written about this for Newsweek. The law is passed Decemberderivatives credit default swaps remain unregulated. Sanders must decide whom he is working for. And that was influential in helping to pass the Commodity Futures Modernization Act a little over a year later, in late We've been talking with Michael Hirsch, senior editor commodities options and futures trading act sanders Newsweek.

I mean, it was very interesting. She was predicting that, look, really bad things could happen here if we're not paying attention. I mean, this was the kind of market they wanted to create. Summers, who had replaced Rubin, did give testimony in which he said very plainly that he thought swaps should be largely unregulated as derivatives.

Visit our website terms of use and permissions pages at www. Well, it was much smaller, much, much smaller. This would fundamentally change our health system that currently treats health as a commodity so that people only have access to what they can afford to a system that treats health as a public necessity so that people have access to what they need. And she was really a Cassandra-like voice at the time.

He was referring to a law Congress passed in December that prevented regulation of the market for derivatives, including credit default swaps. It was dispersing risk. And this weekend, Sanders has been telling people he will introduce health care reform legislation in the Senate within a couple of weeks. NPR transcripts are created on a rush deadline by Verb8tm, Inc.