Barclay's is the latest bank to say they may get out of the agricultural commodity trading business to limit "reputational risk."
U.S. banks, of course, have no such compunctions. They actively oppose limits on commodity trading.
The UN conference on trade and development blames high food prices on commodities trading. They say futures are traded on commodities that don't exist, up to 20 to 30 times the amount of physical production.
- Pilot update (12 replies)
- TNReady: Another outsourcing fail (11 replies)
- Thinking Big (1 reply)
- Peyton Manning's last game? (20 replies)
- Sears closing more stores (1 reply)
- Super Bowl halftime shows - What a difference 36 years makes (2 replies)
- Candidate Campaign Financial Disclosures are posted for contested BOE seats (11 replies)
- House defers vouchers (2 replies)
- Pilot update (25 replies)
- Alcoa pedestrian bridge grand opening (9 replies)
- Here we go. Finally. (57 replies)
- Nashville DA sues TV reporter Phil Williams for $200M (2 replies)