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thinkahol *

Obama Must Enforce Oil Speculation Laws - 0 views

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    With Wall Street speculators driving up oil and gas prices to near record highs, Sen. Bernie Sanders (I-Vt.) today urged President Obama to ask for the immediate resignation of federal regulators who won't enforce a new law to stop excessive speculation in oil markets. Gasoline pump prices in Vermont averaged $3.90 a gallon today, a penny more than the national average. At the same time, big oil companies posted record profits. ExxonMobil's $10.7 billion first-quarter profit was 69 percent greater than one year ago.
thinkahol *

Glenn Greenwald: Too Big to Jail (Book Excerpt) - 0 views

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    In July 2010, Martin Joel Erzinger, a hedge fund manager for extremely wealthy investors at Morgan Stanley Smith Barney, was driving his car near Vail, Colorado, when he hit a bicyclist from behind and then sped away. The Vail Daily reported that the victim, Steven Milo, suffered "spinal cord injuries, bleeding from his brain and damage to his knee and scapula," which left him facing multiple surgeries. The newspaper's account of the incident makes clear that Erzinger should have been prosecuted for this incident.
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