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Does CFTC have jurisdiction over manipulative trading by government?

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U.S. Rep. Alex X. Mooney, R-West Virginia, is pressing the U.S. Commodity Futures Trading Commission to answer the critical questions about market manipulation the commission long has refused to answer lest it expose the U.S. government's rigging of the futures markets and especially the gold and silver futures markets.

In a letter dated April 13 and made public this week, Mooney reminded the commission that it had evaded the key questions asked in his previous letter and that the questions are capable of yes-or-no answers:

1) Does the commission have jurisdiction over manipulative futures trading by the U.S. government or its brokers or agents or other governments?

2) Is the commission aware of futures trading by the U.S. government, its brokers, or agents?

Of course these are the questions that long should have been pressed on the commission by those who pose as financial journalists and market analysts. That the commission refuses to answer them would be big financial news in itself if there was any serious financial journalism.


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