Is the government going after the oil speculators just because they are financing Obama's campaign?

The private equity %26amp; hedge fund managers who are partially responsible for the runup in oil prices, are almost exclusivly financing Obama's campaign. Is this why the current government is going after them?Is the government going after the oil speculators just because they are financing Obama's campaign?
Wow James I love how you mix current events with a falsehood. You'd have a future with Fox News if only you could kick that substance abuse problem.Is the government going after the oil speculators just because they are financing Obama's campaign?
Bertrand Russel and Alfred Whitehead proved irrevokably that any conclusion that is based on false assumptions is meaningless in ';Principia Mathematica';.





If you want to see champions of unregulated commodity swaps, you need look no further than McCain's economic advisor Phil Gramm, author of the now infamous ';Enron Loophole'; and Gramm's wife who happens to be a lobbyist for these speculators.


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In the early 1990s, Wendy Gramm, then chairwoman of the Commodity Futures Trading Commission, moved to lift governmental oversight of energy contracts that Enron and other companies traded. A short time later, she was appointed to Enron's board of directors.





And in December 2000, Phil Gramm helped clear the way for a bill turning his wife's deregulation decision into law, something Enron had long wanted.





The Commodity Futures Modernization Act, of which Phil Gramm was a sponsor, contained a clause making the exemption law. Though it is now called the ';Enron exemption'; on Capitol Hill, a Gramm aide said the senator had not prepared that section of the bill.





';We were not involved with that part of it,'; said Larry Neal. Neither Wendy Gramm nor Phil Gramm could be reached for comment Thursday.





Wendy Gramm's role at Enron has drawn congressional attention in the wake of the Enron collapse. She was among those subpoenaed last week by the Senate Permanent Subcommittee on Investigations, headed by Sen. Carl Levin (D-Mich.).





Wendy Gramm notified Enron in December 1998 that congressional ethics rules might prevent her family from holding stock in Enron, according to Public Citizen. Phil Gramm was preparing legislation that would affect the company, triggering the rules.





Enron then devised a way to compensate Wendy Gramm, while getting around the problems associated with her ownership of stock in the company, according to Public Citizen.





';Enron canceled all of her outstanding shares and provided her with an additional service fee for a total of $117,000'; over the next four years, the group said.
Link please. I won't debate assumptions without evidence.
No.
I'd like to see a link to support this.