We have a team-up with @theintercept on a story by @rejburns on the House Ag Committee, besotted with Wall St cash, trying to push through a reauthorization for derivatives regulator CFTC that would maintain its stature as a weak, useless agency prospect.org/power/house-ag…
@theintercept @rejburns "Among the (Agriculture) committee’s majority members, 14 representatives are aligned with the New Democrat Coalition, a group that fundraises heavily from Wall Street and maintains close ties with its lobbyists" prospect.org/power/house-ag…
If you think it's bizarre that the Agriculture Committee has jurisdiction over derivatives, the most complex financial instruments, it is! It's a strange legacy from a bygone age. From me, from 2013: salon.com/2013/03/20/j_p…
