Tag: commodity futures trading

Banking Fraud
ecthompsonmd July 18, 2012

Banking fraud seems to be no big deal. It truly bothers me that fraud is only prosecuted in this country if you’re unable to hire high-priced lawyers. As a matter fact, as we learned from the O.J. Simpson trial, you can get away with murder if you can hire enough lawyers to confound and confuse the jury. (“If the glove don’t fit, you must acquit.”) Now, it appears that the London-based financial giant Barclays has been manipulating the LIBOR interest rates. At the very least, this criminal activity has probably cost investors millions, if not billions, of dollars. At most, Barclays has

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We Need Real Regulation
ecthompsonmd March 9, 2011

I don’t know. There’s a variety of clichés that seem to be apropos – those who do not learn from history are forced to repeat it. It is déjà vu all over again. There are probably a few more that I can’t think of off the top of my head. We did this oil speculation thang just two years ago. It’s almost exactly two years ago. Oil prices rose for no apparent reason pushing prices at the gas pump over four dollars per gallon. We were in the middle of a presidential election. Neither presidential candidate had a good explanation. In

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Nine essential measures for transparency
ecthompsonmd June 9, 2010

Financial reform and transparency haven’t gone hand and hand. The Project on Government Oversight has a few recommendations: BRING FULL TRANSPARENCY TO THE CONFERENCE PROCEEDINGS: Make the conference proceedings fully transparent by broadcasting them on C-SPAN and webcasting them online. PROTECT FINANCIAL SERVICES INDUSTRY WHISTLEBLOWERS: Extend best-practices whistleblower protections to financial services industry employees. AUDIT THE FEDERAL RESERVE: Give the Government Accountability Office the authority to conduct an ongoing audit of the Federal Reserve, and require the Fed to make key information about its emergency lending programs available online. CREATE A STRONG AND INDEPENDENT CONSUMER FINANCIAL PROTECTION AGENCY: Create a truly

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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