Wall Street 101 for Progressives, academics and career politicians!
Posted By: halthouse1      4/22/2012 3:16:10 AM
The Political Commentator, by Michael Haltman
Original Article

President Obama has a proposal on the table to regulate margin requirements in the crude oil market in order to control what he considers to be the scourge of "speculation." Huh? Isn't speculation a critical part of what makes a market a market? Some people betting that prices will go up while others are betting that prices will go down? Winners and losers? Bulls and bears? Providers of market liquidity? If crude oil prices were heading lower due to hedgers selling and speculators shorting the market would that still present a problem for the President...