Editorial: Obama's criticism of speculators lacks specifics

04/19/2012 | Wall Street Journal, The

President Barack Obama announced in a speech that he's looking to crack down on illegal activity and possible manipulation of futures markets, but he didn't offer evidence that such transgressions take place, writes the editorial board of The Wall Street Journal. "Bashing anonymous Wall Street 'speculators' may be more effective as a political argument than as a legal strategy, but we suspect that even the demands of politics will eventually require Mr. Obama to provide some specifics," the board writes.

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Wall Street Journal, The

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