Disliked2nd time in less then a year cftc drop the ball.
if there is an event that should cost Gary Gensler his job as head regulator at the CFTC, it is this. According to a just released Reuters report, the head of MFG(lobal) part 2, PFG, whose story we broke yesterday, Russell Wasendorf Sr. "intercepted and forged bank documents for more than two years to cover up hundreds of millions of dollars in missing money, a person close to the situation." Once Wasendorf realized he was caught, and knew the implications of his actions would be exposed for...Ignored
On a serious note I feel very sorry for the farmers who again got burned who need futures to hedge their crops from total loss due to weather.