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July 12, 1990 | From Reuters
A former U.S. senator who served three years on the board of a Chicago commodities exchange told a divided Senate panel Wednesday that the Commodity Futures Trading Commission is inept and ill-equipped to regulate stock-index futures markets. Thomas Eagleton, who resigned from the Chicago Mercantile Exchange board of governors in a bitter dispute last year, told the Committee on Banking, Housing and Urban Affairs that the CFTC is a lap dog to the futures industry centered in Chicago.
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BUSINESS
July 12, 1990 | From Reuters
A former U.S. senator who served three years on the board of a Chicago commodities exchange told a divided Senate panel Wednesday that the Commodity Futures Trading Commission is inept and ill-equipped to regulate stock-index futures markets. Thomas Eagleton, who resigned from the Chicago Mercantile Exchange board of governors in a bitter dispute last year, told the Committee on Banking, Housing and Urban Affairs that the CFTC is a lap dog to the futures industry centered in Chicago.
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