CMOC Asks Major Businesses to Explain Why They’re Fighting Reform

As the U.S. Senate debates measures to hold Wall Street accountable for the financial crisis, Commodities Market Oversight Committee (CMOC) supported a letter that hedge-fund manager Michael Masters has written to some of the nation’s biggest businesses asking them explain why they are siding with the biggest banks – and against their own interests – on derivatives reform.

Click here to read one such letter sent to Procter & Gamble.

See page 3 of this letter (pdf) from CMOC for a full list of the businesses involved.