Amaranth'sblowupisduetohugeOTCnatgascontracts.Unlikefuturestradesonexchanges(likeNYMEX,CME),OTCtradesarenotregulated--"ThetradingofenergycommoditiesbylargefirmsonOTCelectronicexchangeswasexemptedfromCFTCoversightbyaprovisioninsertedatthebehestofEnronandotherlargeenergytradersintotheCommodityFuturesModernizationActof2000inthewaninghoursof
the106thCongress."
Soallthesespeculativebubblesinene...[阅读全文]