Speculators Face Uncertainty In D.C. Blame Game

Law360, New York (June 5, 2008, 12:00 AM EDT) -- Troubled by rising oil and food prices, lawmakers in Washington are increasingly looking to blame financial speculators for and are pressuring regulators to take action. But some analysts are raising concerns over what effect those efforts could have on U.S. commodities markets.

In numerous hearings over the past two months, members of Congress have pushed for explanations and legislative solutions, and influential lawmakers seem to be increasingly convinced by reports that growing speculation in commodities markets, particularly by institutional investors, has created a sort of “demand...
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