S.O.S. Now - Stop Oil Speculation Now

News

News Releases and Updates

1/14/2010 - ATA Says CFTC Rule is a Tremendous Victory for Consumers

ATA applauded the Commodity Futures Trading Commission (CFTC) on the proposed rule to limit excessive speculation in the oil market. Air Transport Association

12/17/2009 - Oil Speculation Reined in by the House; Time for the Senate to Act

S.O.S. Now Coalition e-mail to activists thanking them for contacting their representatives about H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, and gearing up for the Senate debate. S.O.S. Now E-mail Update

12/11/2009 - ATA Comments on the House of Representatives’ Passage of the Wall Street Reform and Consumer Protection Act of 2009

ATA statement regarding passage of the Wall Street Reform and Consumer Protection Act of 2009. Air Transport Association

Articles of Interest

3/11/2010 - CFTC head scolds Wall Street for resisting reforms

The head of the top U.S. futures regulator chided Wall Street on Thursday for resisting calls to make over-the-counter derivatives markets more transparent, arguing major reforms are required after the recent financial crisis. Reuters | Dow Jones | Chicago Tribune | Bloomberg

3/11/2010 - Dodd to Unveil Own Financial Rules Overhaul Measure (Update1)

Senate Banking Committee Chairman Christopher Dodd said he will release his version of legislation to overhaul financial rules, signaling that talks on a compromise with Republican Bob Corker have collapsed. Bloomberg | Financial Times | CNBC | Wall Street Journal

3/11/2010 - Wall Street Mobilizes to Shape Look of CDS Rules

Investors expressed frustration and anger Wednesday after reports that U.S. and European governments were eager to place new curbs on the use of credit-default swaps. Wall Street Journal

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Opinion Leaders Speak Out

3/11/2010 - Gary Gensler, Chairman, CFTC

"But in this particular market and at this time in our history, we need markets that work for the American public." Reuters

3/11/2010 - Gary Gensler, Chairman, CFTC

"Wall Street ... has benefited from opacity and inefficiencies in the over-the-counter derivatives market, a market dominated by a handful of dealers in this country." Reuters

3/10/2010 - Jeff Lenard, spokesman, National Association of Convenience Stores

"The price of oil used to be a result of actual events. It used to be based on actual supply and demand, but the last few years, oil has been treated like the commodity; it is and subject to speculation in the markets." WCF Courier

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