Old tricks, new dogs.

• Author: Peters, Charles
• Position: TILTING at windmills - Commodities owned by banks - Brief article

Back to the banks' most recent shenanigans. It seems that the Commodities Futures Trading Commission has, according to Gretchen Morgenson and David Kocieniewski of the Times, "taken the first step" in examining Goldman Sachs's warehouse operations. They also report that the Federal Reserve is reconsidering its 2004 decision allowing banks to own commodities. (Why on earth did the Fed allow that in the first place?) And a Senate Committee "is expected to focus on how banks have taken advantage of loosening federal regulation to buy warehouses, pipelines, oil tankers and other infrastructure used...