Ban index funds, ETFs to rein in oil prices: groups- Roberta Rampton (Reuters)

April 5, 2012

“Lawmakers should ban commodity index funds and exchange-traded funds, a coalition of consumer and public interest groups said on Thursday, blaming the speculative investment vehicles for surging oil and gasoline prices…. “You’re banning gambling that has no productive value whatsoever. When that argument becomes clear, there is every chance that there will be bipartisan enthusiasm to stop the casino-like atmosphere here,” Greenberger told reporters on a conference call organized by Americans for Financial Reform.” Click here for more.