BEST EXPLANATION EVER OF 1. THE FLEECING OF THE AMERICAN CONSUMER BY WALL STREET COMMODITIES SPECULATORS ...AND 2. WHY THE GLOBAL ECONOMY IS ON THE VERGE OF COLLAPSE DUE TO MASSIVE BUT UNRESOLVED BETS BY THE TOO-BIG-TO-FAIL BANKS THAT THE COLLATERIZED DEBT OBLILGATIONS THEY SOLD AS AAA-RATED WILL TURN OUT TO BE TRASH

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August 29, 2011

Secret Exemptions Allowed Speculators to Distort Futures Markets

Michael Greenberger (former Chief of Staff to Brooksley Born): Secret deals with CFTC staff led to futures markets with 80% speculation



August 31, 2011

Without Short-Term Stimulus Global Economy Will go Over the Precipice

Michael Greenberger: Lack of capital for productive investment starving global economy



Bio

Michael Greenberger is a professor at theUniversity of Maryland School of Law, where he teaches a course entitled "Futures, Options and Derivatives."Professor Greenberger serves as the Technical Advisor to the United Nations Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System. He has recently been named to the International Energy Forum’s Independent Expert Group that provided recommendations for reducing energy price volatility to the IEF’s 12th Ministerial Meeting in March 2010. Professor Greenberger was a partner for more than 20 years in the Washington, D.C. law firm of Shea & Gardner, where he served as lead litigation counsel before courts of law nationwide, including the United States Supreme Court​.