Jesse summarizes and links to an incredible story. The US Federal Energy Regulatory Commission won a verdict for a $30M fine against a former natural gas trader at Amaranth Advisors for manipulating the gas market. And now, incredibly another US government agency the US Commodity Futures Trading Commission (CFTC) is backing a suit asking a Federal appeals court to overturn the fine.
The US government has become so corrupt and inept that they are working against each other - let alone for 99.9% of its people. I wonder how many consulting contracts or promises of future employment the CTFC commissioners have received from Amaranth and this trader.