Don’t Let Wall Street Offshore Its Recklessness

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.

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176-200 of 16148 signatures
Number Date Name Add a Comment
15973 Sun Feb 17 16:03:55 EST 2013 Laurence Leighton
15972 Sun Feb 17 16:01:38 EST 2013 Kris Metzker
15971 Sun Feb 17 15:53:08 EST 2013 Deborah Parker
15970 Sun Feb 17 15:49:53 EST 2013 Anonymous Those of us who are lucky enough to still have jobs, are doing our job. Please do yours.
15969 Sun Feb 17 14:16:55 EST 2013 Rosemary Reichhold
15968 Sun Feb 17 12:37:38 EST 2013 Anonymous
15967 Sun Feb 17 11:44:51 EST 2013 Florence Wagener
15966 Sun Feb 17 09:02:05 EST 2013 BARRY GREENHILL (HOME)
15965 Sun Feb 17 07:38:42 EST 2013 Sandi Zangerle
15964 Sun Feb 17 07:18:13 EST 2013 Warren Keller
15963 Sun Feb 17 03:30:47 EST 2013 Anonymous
15962 Sun Feb 17 03:02:03 EST 2013 Tory Ewing
15961 Sun Feb 17 01:49:36 EST 2013 Joyce Hammack It would not be funny to be dragged down into another depression by the reckless actions of Wall Street. We can't let it happen. Once fooled, bad, but twice fooled, stupid!!!!
15960 Sun Feb 17 01:43:47 EST 2013 John Bryan
15959 Sun Feb 17 01:38:44 EST 2013 Donna Shawver
15958 Sun Feb 17 00:59:36 EST 2013 L. Steele ENOUGH OF TOP TIER FINANCIAL FRAUD - STOP IT NOW AND START PUTTING PEOPLE IN JAIL!
15957 Sun Feb 17 00:17:42 EST 2013 Valerie Friedman
15956 Sat Feb 16 23:50:30 EST 2013 Nancy Littell
15955 Sat Feb 16 23:19:31 EST 2013 Lauren Gusinow No industry has been able to self-regulate; the financial industry has continuously shown its willingness to take risks that the taxpayers end up paying for. NO MORE!
15954 Sat Feb 16 22:18:16 EST 2013 Nancy Haney
15953 Sat Feb 16 21:54:08 EST 2013 Joseph Hiatt
15952 Sat Feb 16 21:52:18 EST 2013 Ricardo Rivera
15951 Sat Feb 16 21:18:07 EST 2013 Kathleen Malecki
15950 Sat Feb 16 20:56:56 EST 2013 Edmund M Lundberg
15949 Sat Feb 16 20:52:33 EST 2013 Jerry Bolick
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