The Commodity Futures Modernization Act of 2000 or CFMA (Public Law 106?554,
?1(a)(5) [H.R. 5660], December 21, 2000, 114 Stat. 2763, 2763A?365, 7 U.S.C. ?
1), was passed by the United States Congress and signed by President Bill
Clinton in December 2000 in large part to allow for the creation of U.S.
exchanges for the listing of a new sort of derivative security, the
single-stock future.
Ain't sayin' it's right or wrong, but here's the origin. (per Wikipedia)
Ed
-----Original Message-----
From: Udo Horn [mailto:vintagethunder@hotmail.com]
Sent: Tuesday, July 22, 2008 06:25 PM
To: 'Jon Wennerberg', 'Jim Dincau'
Cc: land-speed@autox.team.net
Subject: Re: [Land-speed] No new Refineries
Get it right....."The Commodity Futures Modernization Act of 2000"
(CFMA)H.R.4541 June 14, 2000. Thank Mr. Clinton>
From:jonwennerberg@nancyandjon.org> To: jdincau@qnet.com> Date: Tue, 22 Jul
200819:54:12 -0400> CC: land-speed@autox.team.net> Subject: Re: [Land-speed]
Nonew Refineries> > On Jul 22, 2008, at 7:02 PM, Jim Dincau wrote:> > How
aboutthis for a new law. You can't trade in commodity futures> unless you
actuallytake delivery of the product. That should slow the > oil> speculators
down.>Jim> > > That's exactly what the deal was (for oil) until the current
Bush >administration was elected. Before then it always was that only those >
thatactually took delivery of the oil could buy and sell futures. >
Thanks,George...> > > Jon Wennerberg> Tall guy with moustache> and a pair of 2
Clubhats>
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