Senate Subcommittee Report on Investigations -- Amaranth

With natural gas down to $6.03 we should review the Amaranth situation of a year ago, already recently reported on by the Senate Subcommittee on Investigations. Click on the Heading to see the full report. My comments which follow will be direct quotes from this Report. Needless to say, it is my opinion that Deregulation caused the gaming which led to this situation. Such potential continues to this day, as nothing has changed. Incidentally, I am impressed with the speed of this investigation. Quite proper in light of the speed of the futures markets themselves.