Urge the Commodity Futures Trading Commission to Keep Risky Derivatives Trades in Check, No Matter Where They Occur
Some of Wall Street’s most reckless and risky gambling occurs in the global derivatives market.
The Commodity Futures Trading Commission (CFTC) is readying to crack down on this reckless gambling – but Wall Street lobbyists are demanding loopholes that will make the new regulations virtually meaningless.
CFTC commissioners wrote strong rules to prevent Wall Street from engaging in risky transactions that could jeopardize our country’s financial security, no matter where in the world those transactions happen. But Wall Street – with help from foreign banks and foreign regulators – is pushing for rules that would, in effect, limit the scope of US enforcement to derivatives traders physically based in this country.
This would create a giant loophole that would encourage banks – the biggest of which already have major operations outside of the U.S. – to move transactions offshore to escape regulation.
Urge the CFTC to oppose Wall Street’s recklessness-offshoring loophole.
Petition to the Commodity Futures Trading Commission
We, the undersigned, urge you to stand up for rules that apply the transparency and safety requirements of the Dodd-Frank Wall Street reform act to ALL derivatives transactions relevant to U.S. markets, regardless of whether these transactions are routed through a foreign subsidiary or entity.
Definitely close all the loopholes. Why do the people who make so much less money then these robbers have to pay all their taxes and these jerks get away with it. They have to pay their share and do More....it now. No more loopholes. Are you listening?
Thu Feb 21 10:41:43 EST 2013
Thu Feb 21 09:03:54 EST 2013
Wed Feb 20 22:40:12 EST 2013
Wed Feb 20 20:42:19 EST 2013
Wed Feb 20 15:38:40 EST 2013
Wed Feb 20 15:28:23 EST 2013
If you made the money on or in the US, then you should pay taxes in the US.
Wed Feb 20 15:09:46 EST 2013
Close all the loopholes. Enough is enough. Bank robbers go to prison for robbing banks and Wall Street robbed the people and the country and they are still doing it and they are free. They need to be charged More....with robbing the people and the country and sent to prison where they belong with all the felons because that's what they are, FELONS.