A handful of congressional Democrats are turning their attention to an arcane loophole that, as TYT previously reported, is driving high prices for gas and food. Rep. Ro Khanna, D-Calif., told TYT that he wants the Biden administration to close the loophole, which lets Wall Street speculators gamble on commodity prices, driving inflation.
The Biden administration could bring down gas prices as much as 25% just by acknowledging the problem, a former Commodity Futures Trading Commission (CFTC) official said last week. Michael Greenberger, the CFTC's former director of trading and markets, gave a virtual talk hosted by Americans for Financial Reform (AFR), during which other organizations indicated they're launching new efforts to close the loophole.
