The U.S. Commodity Futures Trading Commission (CFTC) has a mission to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options. However, many critics believe that the CFTC is toothless and that it fails to go after white collar crime.
CFTC nicknames ("backronyms" or back acronyms from the initials) include:
. Can’t Find The Cause (May 2010 and December 2010),
. Commission to Fuck The Citizen (February 2011),
. Can’t Find The Criminals (December 2011),
. Come Fuck The Consumer (December 2011),
. Can’t Fuck The Comex (May 2012),
. Can’t Find The Crooks (June 2012),
. Can’t Find The Crime (July 2012),
. Can’t Find The Culprit (September 2013),
. Connivers Figuring To Cheat (September 2013) and
. Can’t Find The Corruption (September 2013).
Wikipedia: Commodity Futures Trading Commission
The U.S. Commodity Futures Trading Commission (CFTC) is an independent agency of the United States government that regulates futures and option markets. The Commodity Futures Trading Commission Act of 1974 (P.L. 93-463) created the Commodity Futures Trading Commission, to replace the U.S. Department of Agriculture’s Commodity Exchange Authority, as the independent federal agency responsible for regulating the futures trading industry. The Act made extensive changes in the basic authority of Commodity Exchange Act of 1936, which itself had made extensive changes in the original Grain Futures Act of 1923. (7 U.S.C. 1 et seq.).
The Commodity Exchange Act (CEA), 7 U.S.C. § 1 et seq., prohibits fraudulent conduct in the trading of futures contracts. The stated mission of the CFTC is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.
05-18-2010, 11:01 PM
Zing! RT @aiki14: CFTC stands for Cant Find The Cause $$
Topic: Commodity Futures Trading Commission - Missions
Message Posted: Dec 30, 2010 9:12:08 AM
When it comes to manipulating the market,cftc stands for “CAN’T FIND THE CAUSE”.
High Silver prices = greater freedom and democracy for the global rebels fighting the global banking terrorists
Posted on February 25, 2011 by maxkeiser
alfred benton says:
February 25, 2011 at 4:02 pm
oh yeah….and now the CFTC has stopped all investigations due to lack of funds….how convenient!!!
Obviously banksters can buy themselves a CFTC any day all day long….and CFTC stands for Commission to F..k The Citizen anytime anyhow!
CFTC Votes Unanimously To Make Client Money Commingling Really Illegal This Time
Submitted by Tyler Durden on 12/05/2011 12:41 -0400
In the aftermath of the MF Global fiasco, popular anger has understandable been focused on the complete lack of any response (let alone prevention) by regulators, in this case by Goldman’s Gary Gensler, currently head of the CFTC, who quite comically had to recuse himself from an MF Global investigation due to his previous ties to Jon Corzine.
Mon, 12/05/2011 - 13:03
This is all meaningless, Fraud cannot be regulated!
CFTC = Cant Find The Criminals.
CFTC = Come Fuck The Consumer
CFTC = Comingaling Fraudsters?, That’s Correct!
Gold COT Report (CFTC – Commitment of Traders) for Period 5/9-5/15/2012
May 20, 2012 at 10:13 pm
CFTC stands for Can’t Fvck The Comex. It’s simple.
Silver Investor Community Discussion Forums
No Surprise: CFTC Prefers Catching Small Fish
8th June 2012, 10:25
Maybe, they should use stronger line ....and bigger hooks for the real crooks!
Here’s another cynical way of looking at it. Maybe, the CFTC (acronym: Can’t Find The Crooks) wanted to send a message on behalf of the big, bullion/investment-bank, financial predators & scare any other little fish away....cause the silver paper-ponzi is only meant for the big, wallstreet-bankstering sharks to feed on, lol.
Mon Jul 9, 2012, 08:17 PM
CAN’T FIND THE CRIME
Gold Is Money—Forum
03-13-2013 07:35 PM
Re: CFTC looking into London gold, silver price setting
Quote Originally Posted by Gcubed
The CFTC can investigate the Call Girl market in Shanghai. They still have no authority to do anything.
True! ....and if they did I do believe I am quoting a GIM2 member who posted this definition before: CFTC = “Can’t Find The Crooks”.
Gold Is Money—Forum
09-25-2013 06:23 PM
Re: CFTC CLOSES INVESTIGATION, NO SILVER FRAUD FOUND
As the old joke goes…
CFTC = Can’t Find The Crooks.
Deja Deja Deja Vu Gold Smackdown
Submitted by Tyler Durden on 09/26/2013 10:32 -0400
For the 3rd day in a row, precious metals have been monkey-hammered lower in the first hour of trading on the US markets… no news, no headlines, no technicals - just good old-fashioned $10 cliff-dives in gold…
Thu, 09/26/2013 - 10:53
CFTC: Can’t Find/Fine The Culprit
GUEST POST: CFTC – Connivers Figuring to Cheat
Filed in Precious Metals by SRSrocco on September 28, 2013
By Charles Savoie: New $100 bills are coming in early October 2013! Even though these can be created to infinity and cost little effort and resources to produce, we are demanded by authorities to accept these as worth several times more than an ounce of geologically depleted, essential silver! But should we use these new bills, when we can use a debit card?
Connivers Figuring To Cheat (CFTC) & What Will They Say When Silver Runs Out
Presented October 2013 by Charles Savoie
“CFTC & WWTSWSRO”
Rudolf E. Havenstein
@b__zimm Ah yes, the CFTC. Did you know that acronym stands for “Can’t Find The Corruption”?
5:42 PM - 30 Sep 13
New York City • Banking/Finance/Insurance • Tuesday, October 01, 2013 • Permalink