Comment Text:
i0-001
COMMENT
CL-05627
From:
Sent:
To:
Subject:
Scarlett Stone
Sunday, February 28, 2010 12:52 PM
secretary
RE: RIN 3038-AC61 Stawick
I am sending you a quote from a blog in which I participate.
While it does not directly address the 10:1 fiasco that you are promulgating, it does beg a question: why in hell are
you pestering the retail trade when you give these kinds of antics below a pass?
Read in quotes:
BTW, if you are curious as to how Gensler spends his time when he is not trying to bust up the "mom
and pop" entrepreneurial efforts of retail fx traders, please see below:
"Gone are Hank Paulson and Neel Kashkari; in their place are Treasury chief of staff Mark Patterson and
CFTC chief Gary GENSLER, both former Goldmanites. (Gensler was the firm's co-head of finance.) And
instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next
bubble, is in carbon credits a booming trillion- dollar market that barely even exists yet, but will if
the Democratic Party that it gave $4,452,585 to in the last election manages to push into existence a
groundbreaking new commodities bubble, disguised as an "environmental plan," called cap-and-trade.
The new carbon-credit market is a virtual repeat of the commodities-market casino that's been kind to
Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in
prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in
advance."
I forget and wish you would remind me: whose back are you protecting again?
