EDITOR OF REDSTATE
Barney Frank wants to regulate carbon derivatives. Chris Dodd to profit again.
It almost makes you wonder if Barney Frank isn’t just dating that dude from Fannie Mae, but Chris Dodd too.
Together, they brought us the financial crisis relating to Fannie and Freddie. Now they want to do the same to the Chicago Mercantile Exchange. They’ll greatly enrich Mrs. Dodd too.
Michelle Malkin notes there is placeholder language in the cap and trade bill. In other words, Congressmen are being asked to vote on legislation that will be written after the vote. Frank says this “will deal with regulations of financial derivatives market associated with reducing carbon emissions.”
Over at the Next Right, Ironman points out that Mrs. Dodd will stand to make a killing on this. Mrs. Dodd has business interests related to the Chicago Mercantile Exchange that will profit from these new regulations.