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The Chicago Way

It’s an almost poetic coincidence that the day after Greek voters loudly told European technocrats in Brussels and German bankers in Berlin to stuff it, the futures trading CME Group quietly moved its last, open-outcry commodity trading pit from Chicago’s Loop to the perfectly technocratic, globally homeless electronic market.
The Greek “No!” vote, like the Greek-European […]

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Kicking the CFTC Can

Confession time: Over the last three years I often have referred to the 113th and 114th Congress as either “do nothing” or “doing less than nothing.”
This is wrong because each passing day of continued Congressional nothingness clearly shows House and Senate leaders, then as now, busy as bees planning and implementing detailed action plans for […]

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