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How Anti-Regulation Hype Becomes News

By Jim Cramer

About this article:
If you wondered about what I am talking about when I say that there are so many half-truths told about oil trading, you only need to look at a "Breaking Views" column in The New York Times today entitled "Energy Traders on the Firing Line." It's time for a textual analysis of the way these half-truths are defended. It doesn't take long to get right into the bias: "America's top commodities cop is eager to prove his bona fides." Wrong: Gary Gensler, chairman of the Commodities Futures Trading Commission, has written and spoken and knows more about regulation and trading than just about anyone in America. He doesn't need to prove his bona fides. He's got them, but this makes it sound like he's a rube. Next the writers mention that Gensler intends to hold hearings on whether the agency should limit the activities of energy traders...

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