Faculty in the News - Archive



Friday, August 15, 2008

Professor Michael Greenberger

The Guardian, "The Investigation," BBC Radio – The Financial Services Authority the British authority that oversees commodity trading on English-based exchanges, has failed to curb excessive speculation in oil markets, said Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission (CFTC). "The Financial Services Authority %85 has never brought an enforcement action in the energy futures markets, even though that exchange globally is responsible for 47.8 percent of the trading in oil futures around the world," Greenberger said. "The United States’ regulator, the CFTC, which is not known as an aggressive regulator, has since 2002 brought over three dozen enforcement actions, and referred 35 of those actions to the Justice Department for criminal prosecution."

Friday, August 15, 2008

Professor Michael Greenberger

Smartbrief.com – The Financial Services Authority (FSA), the British authority that oversees commodity trading on English-based exchanges, has failed to curb excessive speculation in oil markets, said Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission. "The FSA has let the British people down," Greenberger said. "If the FSA adopted limits on speculation, you would see the price of gasoline drop in the United Kingdom."

Friday, August 15, 2008

Professor Michael Greenberger

MotherJones.com – Contributing writer James K. Galbraith argues that it’s time for Congress to rein in oil speculators and close the so-called Enron and swaps loopholes, which could deflate the soaring price of energy and food. Galbraith cites congressional testimony given by Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission (CFTC), as support for his view: "According to Senate testimony on June 3 by Michael Greenberger, who used to head the CFTC’s division of trading and markets, if swaps were properly labeled, about 70 percent of the oil futures now traded on the New York exchanges would be deemed speculative, not commercial, and subjected to a high degree of regulatory scrutiny."

Thursday, August 14, 2008

Professor Michael Greenberger

The Press Association, Grimsby Telegraph (UK), The Daily Telegraph, West Sussex Gazette, Tiscali.co.uk – The Financial Services Authority (FSA), the British authority that oversees commodity trading on English-based exchanges, has failed to curb excessive speculation in oil markets, said Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission. "The FSA has let the British people down," Greenberger said. "If the FSA adopted limits on speculation, you would see the price of gasoline drop in the United Kingdom."

Monday, August 11, 2008

Professor Michael Greenberger

Investment News – A handful of leading trade groups are urging Congress not to pass legislation that would tighten position limits for speculators in futures markets, despite a growing belief that excessive speculation has led those markets down a dysfunctional path. Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission, said "futures markets cannot operate if they're saturated with speculative investment %85 prices are so volatile, it's not worth locking" in a price with a hedge.

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