Faculty in the News - Archive
Thursday, June 26, 2008Professor Michael GreenbergeriStockAnalyst.com
- The U.S. House of Representatives approved a bill on Thursday that would force the U.S. Commodity Futures Trading Commission (CFTC) to use its emergency powers to police excessive energy speculation on oversees markets. Financial experts contend that the rampant buying and selling of oil futures contracts on unregulated markets has driven up the cost of oil to record highs. Michael Greenberger, JD, professor at the School of Law and a former director at the CFTC, said, "This says quickly look into the question of whether these markets are unhinged from supply-demand principles, and gives them the power for imposing margin limits, speculation limits. They've often used emergency powers to impose moratoria on trading, even barring certain contracts from being traded."
Thursday, June 26, 2008Professor Michael GreenbergerDesertConservative.com
- Speaker Nancy Pelosi hoped to send House Democrats home for the Fourth of July recess with a series of votes that would show they’re serious about easing the pain at the pump. The speaker met with these and other members for more than an hour Wednesday morning. They were joined by Michael Greenberger, JD, a School of Law professor and a former director of trading and markets at the Commodity Futures Trading Commission, who has testified before Congress that speculators are driving up the price of oil. But the participants who emerged from that meeting suggested the various committees of jurisdiction will begin looking at this legislation before leaders craft a compromise.
Wednesday, June 25, 2008Professor Michael GreenbergerWUSA-TV, Ch. 9, Oil & Gas Journal, Falls Church News-Press, Trading & Markets
- U.S. lawmakers are scrambling to pass legislation aimed at dropping gas prices immediately, and bills have been introduced that range from banning speculators from the market completely to cracking down on price gouging by oil companies. Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission, testified before two congressional committees earlier this week, arguing that a key component to lowering the price of oil is regulating oil speculation on ‘dark markets.’ "I think we've made a terrible mistake calling the Intercontinental Exchange a [British] exchange when its headquarters are in Atlanta, its operations are in Chicago, and it has trading engines across the United States," Greenberger said. "What’s happening in these markets is not friendly to the American gas-paying public, it is very friendly to Wall Street interests."
Wednesday, June 25, 2008Professor Mark GraberThe Ron Smith Show, WBAL Radio
- Mark Graber, JD, PhD, a professor at the School of Law, discussed the legal reasoning by the Supreme Court in its recent decision to prevent the death penalty in the case of child rape.
Wednesday, June 25, 2008Professor Douglas ColbertMaryland Gazette
- Commenting on the case, Douglas Colbert, JD, a professor at the School of Law, said it illustrates a significant weakness in the state's criminal justice system. "This is inexcusable. ... Where were the prosecutors? Where were the defense attorneys? Where were the checks and balances?" he said
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