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| The Enron Loophole | |
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| Topic Started: Jul 31 2008, 06:20 PM (198 Views) | |
| mynameis | Jul 31 2008, 06:20 PM Post #1 |
Internet Jujitsu
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The Enron Loophole by: Vinny Catalano posted on: June 13, 2008 | about stocks: DIA / QQQQ / SPY Prior to listening to the weekend replay of the congressional testimony of George Soros and others from last Tuesday, I must admit I had never heard of the “Enron Loophole”. But it didn’t take too long to realize that this multi dimensional topic is economic and political dynamite. Let me start with what I understand the key aspects of the “Enron Loophole” to be. Back in December 2000, Congress passed and President Clinton signed into law the “Commodities Futures Modernization Act of 2000 [CFMA]”. While the CFMA attempted to resolve the dispute over jurisdiction between the SEC and the CFTC, two elements of the bill appear to have a direct impact on the markets and the financial services industry, specifically investment banks and hedge funds. more... http://seekingalpha.com/article/81243-the-enron-loophole Edited by mynameis, Jul 31 2008, 06:23 PM.
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11:44 PM Dec 5
