CFTC's O'Malia Lauded As "Whistleblower"

With nearly a quadrillion in derivatives that could implode the world at stake, author Larry Doyle is enraged that the Commodity Futures Trading Commission (CFTC) doesn’t have the funds to properly operate.  He says it is a national security issue.

CFTC Commissioner O’Malia Says Agency Doesn’t Have Technology

Doyle, author of In Bed With Wall Street, notes CFTC Commissioner Scott O’Malia’s recent speech at the Tabb Forum in Chicago.  “I do not believe that the (Commodity Futures Trading Commission’s) systems are adequate to oversee today’s fast and complex derivatives markets,” Scott O’Malia said Tuesday.  O’Malia said he tried asking for additional...