more work and they don t have to do it. you know i want to bring in the folks we have in new york. josh, the cftc. the nation talks about how wall street has defanged and they re among the noisy to soften the driverty rules. which brings to mind a larger question about regulation, and oversight, and any kind of reform here. i think it s inevitable. whenever you have something complicated like financial reform, elf this dance, where a lot of the people who know the industry and can figure out how to regulate it are people with experience in the industry.
mounting this investigation in a rigorous way? do they have the tools they need? do they have a track record of investigating stuff like this well? they do have the tools they need. that s why we re asking the department of justice to be involved now in addition to the ftc is that the investigative arm of the department of justice can marry up with the regulatory authorities that agencies like the commodities future trading commission have or other agencies and do a comprehensive, you know, approach, to get all of the data. and, yes, this task force existed before when it tried to tackle the enron problem. another area of energy, electricity, but an area where we saw a lot of the same schemes being perpetrated on the public, you know, by people moving supply around or creating images about supply that really weren t true. in this case, it appears that there s some evidence that we want them to investigate. the fact while they said they were down, emissions were still coming out of so
if you affect it by that price spike, it affects day-to-day consumers, our economy, and jobs and everything else. do you believe the department of justice is capable of mounting this investigation in a rigorous way? do they have the tools they need? do they have a track record of investigating stuff like this well? they do have the tools they need. that s why we re asking the department of justice to be involved now in addition to the ftc is that the investigative arm of the department of justice can marry up with the regulatory authorities that agencies like the commodities future trading commission have or other agencies and do a comprehensive, you know, approach, to get all of the data. and, yes, this task force existed before when it tried to tackle the enron problem. another area of energy, electricity, but an area where we saw a lot of the same schemes being perpetrated on the public, you know, by people moving supply around or creating images about supply that really weren t
there in florida? yep. i m here in florida, yep. this is your beat for many, many years as you watch this, as you re kind of going over in your head how many times you have you have interviewed the crews, when s going through your mind? what are you thinking about as we start to watch the craft land? you know, i think like so many people here think and of course, you know, my opinion is certainly somewhat skewed that, you know, it had a lot of flights left in them. all of the vehicles could have flown more except for planning that didn t go perhaps the way it should have. you know, nasa deciding to go away from the space shuttles and go to the constellation program and then killed by the curre administration and now a gap and shuttle could be flying if it wasn t for some political decisions made that a lot of people probably wish and i know they wish could be taken back today. that s the sad point. a lot of people out of work and a lot of people are even at this very ha
under the last presidency everyone was upset with the oil speculators. gerri: this is interesting, from the commodities future trading commission, look at prices, how much they have gone up, this is what you can attribute to speculators, according to the federal government, the people that my network would say this is bunk. shepard: why? gerri: they say 80 percent of the price of oil is oil. 80 percent is gas. more of what you see in the northeast where prices have spiked so much refiners have pulled out. so high are prices there. and when you talk about speculators who are they? people what have retirement funds with pensions so the people who are managing the money they do not just buy stocks now they invest in the future of, what? oil prices. shepard: if look at the big picture and you say it looks