: Eric Cantor Promises Oil Speculators That Republicans Will Block Financial Regulations

[sasha031]

Yesterday morning, House Majority Leader Rep. Eric Cantor (R-VA) visited the Chicago headquarters of the CME Group, “the world’s largest owner and operator” of private exchanges for derivatives products. CME Group specializes in a number of markets, including trading futures contracts for various blends of crude oil and food commodities. Cantor met with executives, and at one point, gave brief remarks before CME Group employees and various commodity speculators.

Cantor told the audience of speculators that his Republican caucus would “do our part” to block the implementation of financial reforms passed last year as part of the sweeping Dodd-Frank law. He even called out the Commodity Futures Trading Commission, the regulators in charge of overseeing derivatives and energy speculation, and promised to stop regulations from going online:

CANTOR: And you’ve managed to be able to serve that function in the CME Group for so much of this country and the world, and you’ve also managed to position as a true world leader. We want that in every arena. We want to help you continue to lead for America, that means we gotta do our part when you see the implementation of Dodd-Frank coming at you like a barreling train. We want to help control that so that we can get some sensible, sensible follow up to that legislation. <...> Whether it’s the EPA, the FDA, the FCC, the SEC, the CFTC, you name it, there is an acronym for a federal agency causing harm right now. We’re trying to pull that in.
video

http://thinkprogress.org/?p=167102

[HopeHoops]

1. Eric "Mickey Mouse Voice" Cantor is a Santorum wannabe with no future.

He can kiss my hairy ass.

[villager]

2. Gee, if the Democrats didn't have the same owners, they could use this as a campaign issue

n/t

[vi5]

3. Bingo.....

Democrats are being given issue after issue and soundbite after soundbite to use to hammer the Republicans in campaign ads. Will they? I have no confidence they will. At worst they are as you say, beholden to the same corporate masters.

At best they are cowered by the fear of their beltway insider buddies thinking less of them or the talking heads of the cable news circuit saying bad things about them and don't want to appear "too partisan" for that crowd.

Pathetic either way.

But I'm sure I'm going to see all this stuff being mentioned in the money solicitation e-mails and letters I'll receive come election year. They'll be pointing this stuff out and telling me about it as though being a Democratic party member and donor I don't already know it, instead of buying ad time and hammering the Republicans on this to independent, low information voters.

Well good luck to them because the party is getting not a dollar more of my money. Maybe some individual candidates who have proven they are ready and willing to fight and not afraid. But those are unfortunately few and far between.

[sinkingfeeling]

4. There's another TV ad that the Democrats should be running everywhere.

[ck4829]

5. Democrats need to run with this

[onethatcares]

6. well, Democratic senators and representatives should run on this

but since they're members of the millionaire boys club that is very exclusive, they won't.