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CFTC Cancels Volcker Rule Meeting Due To "Inclement Weather"

Tyler Durden's picture





 

At least the dog didn't eat the London Whale's trade blotter, or Bart Chilton's hair wasn't caught in a snowblower. Perhaps, Mr. Chilton will blame the meeting cancelation on the day the regulators are expected to vote on banning of bank prop trading and pass a rule that was "tougher than the banks expected", on the CFTC's low budget which does not permit it to buy antifreeze?

Source: CFTC

 


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Tue, 12/10/2013 - 07:40 | Link to Comment Vice
Vice's picture

Yeah, when hell freezes over that'l happen

Tue, 12/10/2013 - 07:54 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Well......that would be optimum conditions.

 

If you could make that happen....I'm sure everyone would appreciate it.

Tue, 12/10/2013 - 07:41 | Link to Comment nmewn
nmewn's picture

Simply golden ;-)

Tue, 12/10/2013 - 07:52 | Link to Comment Geronimo66
Geronimo66's picture

Silence is golden, but my eyes still see
Silence is golden, golden
But my eyes still see

:P

Tue, 12/10/2013 - 07:40 | Link to Comment williambanzai7
williambanzai7's picture

Like I said, snow job.

Tue, 12/10/2013 - 07:50 | Link to Comment Manipuflation
Manipuflation's picture

I just turned on the idiot box for some weather and found the Idiot-in-Chief speaking in South Africa.  I hope he got a free bowl of weiner water soup with that haircut.  I think he is going for the Star Trek Romulan look.

Tue, 12/10/2013 - 08:04 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Any chance he'll stay over there....at least for a while?

Tue, 12/10/2013 - 08:10 | Link to Comment El Oregonian
El Oregonian's picture

Maybe he'll run as a Kenyan Dictator. You know... ancestral and all...

Tue, 12/10/2013 - 08:27 | Link to Comment TeamDepends
TeamDepends's picture

If you like your loincloth, you can keep your loincloth.

Tue, 12/10/2013 - 08:40 | Link to Comment new game
new game's picture

if you like it up your ass, well folks, we will keep it up your ass.

Tue, 12/10/2013 - 07:42 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Snow day, bitchez!

Tue, 12/10/2013 - 08:02 | Link to Comment El Oregonian
El Oregonian's picture

Weee! Jack Frost jumped up and bit 'em in the ass!!!

Congressional investigation of the CFTC = a Issa-icle probe?

Tue, 12/10/2013 - 07:42 | Link to Comment Martdin
Martdin's picture

Poor weather, always getting blamed.

Tue, 12/10/2013 - 07:59 | Link to Comment BandGap
BandGap's picture

Like my dad used to say "what a crock of shit".

The lies keep rolling along.

It's called weather. Deal with it.

Tue, 12/10/2013 - 08:33 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

This global warming is going to kill all of us.....in a billion or two years or so.

COLDEST TEMP EVER RECORDED -135.8°

Tue, 12/10/2013 - 08:41 | Link to Comment SilverIsKing
SilverIsKing's picture

If not for global warming, it would have been -165

Tue, 12/10/2013 - 08:58 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Makes one hell of an argument for a global tax.

 

I don't want to wait....where can I donate now?

Tue, 12/10/2013 - 07:43 | Link to Comment poor fella
poor fella's picture

Might as well throw in the weather's affect on the taper and Fed fund's rate.

Tue, 12/10/2013 - 07:47 | Link to Comment bozzy
bozzy's picture

Is Bart Chilton still at the CFTC? I thought he had gone.

Tue, 12/10/2013 - 07:57 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

If you could get paid for doing nothing......would you leave?

Tue, 12/10/2013 - 07:52 | Link to Comment ziggy59
ziggy59's picture

So Through snow, sleet, rain...? oh wait! We're talking this joke of a govt...nevermind!

Tue, 12/10/2013 - 08:01 | Link to Comment Peter Pan
Peter Pan's picture

How is Mr Volcker's health these days?
No surprises I hope?

Tue, 12/10/2013 - 08:03 | Link to Comment Manipuflation
Manipuflation's picture

Over the last decade or so, I have become convinced that the CFTC never shows up for work regardless of the weather conditions.

Tue, 12/10/2013 - 08:07 | Link to Comment jmcadg
jmcadg's picture

Don't worry, they'll all make it for the Christmas party tomorrow. Priorities.

Tue, 12/10/2013 - 08:14 | Link to Comment DavidC
DavidC's picture

Pathetic.

DavidC

Tue, 12/10/2013 - 08:19 | Link to Comment Manipuflation
Manipuflation's picture

NEWS FLASH

CME officials report that they are too hung over to open the exchange for very long after the Chicago Bears victory on Monday Night Football.  A leading CME official stated, "Listen we are still drunk as fuck.  We will open the exchange for one second which should be plenty of time for anyone that matters to do whatever transactions they need to do and get it over with.  We will simultaneously lower the margin requirements to zero in that one second time frame.  Hic, Hic.  Then we are going back to bed."

Tue, 12/10/2013 - 08:21 | Link to Comment firstdivision
firstdivision's picture

Wall Street is entering an uncertain new era as the rule that has come to symbolize Washington’s efforts to rein in financial risk-taking finally takes hold.

Apparently Dealbook forgot about this little piece of legislation called "Glass-Steagall" that used to exist.  I guess banking didn't exist prior to Gramm-Leach-Bliley act passed.

 

Tue, 12/10/2013 - 08:38 | Link to Comment new game
new game's picture

so you are thinking that the fox is not going to watch over the hen house?

really, such optimism, hope and change? glassman steagall is a distant memory.

fascism is here to stay until, well, you know...

ask the cambodians how that worked out?

Tue, 12/10/2013 - 08:41 | Link to Comment virgilcaine
virgilcaine's picture

Grey weather rule... like Obama's hair that magically appears grey in a second term.

Tue, 12/10/2013 - 08:58 | Link to Comment Quinvarius
Quinvarius's picture

Obama has taken on the appearance of a crackhead lately.

Tue, 12/10/2013 - 08:40 | Link to Comment Downtoolong
Downtoolong's picture

No problem, JPM probably sold them a weather derivative hedge.

Tue, 12/10/2013 - 10:04 | Link to Comment firstdivision
firstdivision's picture

Interesting as its summer time weather down there.

 

EDIT:  "Thank God, I don't know how exactly it feels," Scambos said. But he said scientists do routinely make naked 100 degree below zero dashes outside in the South Pole, so people can survive that temperature for about three minutes.

WTF is going on down there, gangbangs?

Tue, 12/10/2013 - 09:10 | Link to Comment youngman
youngman's picture

So the government is shutdown....oh oh..they will blame he tea party guys again....where is Ted Cruz?   Have Obama give a speech..thats a lot of hot air to melt it all...

Tue, 12/10/2013 - 09:20 | Link to Comment esum
esum's picture

 staying home during inclement weather pays double time .... guess their chauffers called in sick... but i thought public transport runs during inclement weather... 

Tue, 12/10/2013 - 10:15 | Link to Comment WillyGroper
WillyGroper's picture

What no "Go To Meeting"?
Guess they don't steal enough in taxation for continuity at the CFTC.

Tue, 12/10/2013 - 11:51 | Link to Comment HamRove
HamRove's picture

Yeah, Inclement Weather in their PANTS!

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