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WASHINGTON –Michael W.Masters generic for imitrex, a hedge-fund manager and known commodities
expert, endorses Senator Blanche Lincoln’s (D-AR) derivatives reform bill and urges the
Senate to immediately pass the current version of the Wall Street Transparency and
Accountability Act of 2010.
“Senator Lincoln’s bill will help protect the American people against another financial
meltdown,” said Masters.“This bill prescribes strong medicine for the swaps dealers and
major swaps players who almost bankrupted our financial system back in 2008.”
Senator Lincoln’s bill will limit manipulation and unchecked speculation by closing
loopholes and increasing transparency in the commodity markets, while also fully
exempting legitimate commercial hedgers who are the engines driving economic
recovery; generic for imitrex.These reforms will protect the American people from another bubble in food
and energy prices during the worst economic recession in decades. Generic for imitrex: this legislation is
particularly important as oil prices are nearly 80 percent higher than they were just a
year ago.
“I hope that the U.S.Senate will pass Senator Lincoln’s bill in its current form because it
is the strongest bill out there,” said Masters – generic for imitrex.“I hope that every Senator who is serious
about reform will stand strong against the onslaught of Wall Street lobbying; generic for imitrex. Generic for imitrex: it’s almost
certain that Wall Street’s lobbyists will seek to weaken this legislation by offering
amendments that attach loopholes to this bill.”
“Each Senator owes it to their constituents to make sure that they pass the strongest
reform bill possible,” Masters added.“Failure to do so will sow the seeds for the next
financial crisis.”
Michael Masters has testified eight times in the last two years as an expert witness
before the U.S – generic for imitrex.Congress on derivatives issues.He is the author of a series of reports
analyzing the 2008 commodities bubble called, “The Accidental Hunt Brothers.” For
more information, visit www.TheAccidentalHuntBrothers.com.
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