Financial speculation on commodities like oil and food is driving up consumer prices from the gas pump to the grocery store. To bring it under control, we need workable position limits. But the verdict is in – the CFTC’s proposal needs to be strengthened to do the job.
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For too long, the rules of Wall Street have been written by the bankers themselves. The result was the financial crisis that cost Americans millions of jobs, along with billions in taxpayer-funded bailouts, and trillions of dollars in pension funds, home values, and retirement savings.
We are a coalition of more than 250 national, state and local groups who have come together to reform the financial industry. Members of our coalition include consumer, civil rights, investor, retiree, community, labor, religious and business groups as well as economists and other experts. See who's in the coalition.