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 | 4231834 Vice
Vice's picture

Yeah, when hell freezes over that'l happen

Tue, 12/10/2013 - 07:54 | 4231849 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 | 4231835 nmewn
nmewn's picture

Simply golden ;-)

Tue, 12/10/2013 - 07:52 | 4231847 Geronimo66
Geronimo66's picture

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


Tue, 12/10/2013 - 07:40 | 4231837 williambanzai7
williambanzai7's picture

Like I said, snow job.

Tue, 12/10/2013 - 07:50 | 4231846 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 | 4231865 GetZeeGold
GetZeeGold's picture



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

Tue, 12/10/2013 - 08:10 | 4231868 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 | 4231884 TeamDepends
TeamDepends's picture

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

Tue, 12/10/2013 - 08:40 | 4231892 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 | 4231839 ParkAveFlasher
ParkAveFlasher's picture

Snow day, bitchez!

Tue, 12/10/2013 - 08:02 | 4231851 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 | 4231840 Martdin
Martdin's picture

Poor weather, always getting blamed.

Tue, 12/10/2013 - 07:59 | 4231856 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 | 4231887 GetZeeGold
GetZeeGold's picture



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


Tue, 12/10/2013 - 08:41 | 4231889 SilverIsKing
SilverIsKing's picture

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

Tue, 12/10/2013 - 08:58 | 4231900 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 | 4231842 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 | 4231844 bozzy
bozzy's picture

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

Tue, 12/10/2013 - 07:57 | 4231854 GetZeeGold
GetZeeGold's picture



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

Tue, 12/10/2013 - 07:52 | 4231850 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 | 4231859 Peter Pan
Peter Pan's picture

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

Tue, 12/10/2013 - 08:03 | 4231863 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 | 4231866 jmcadg
jmcadg's picture

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

Tue, 12/10/2013 - 08:14 | 4231871 DavidC
DavidC's picture



Tue, 12/10/2013 - 08:19 | 4231878 Manipuflation
Manipuflation's picture


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 | 4231881 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 | 4231888 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 | 4231891 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 | 4231901 Quinvarius
Quinvarius's picture

Obama has taken on the appearance of a crackhead lately.

Tue, 12/10/2013 - 08:40 | 4231893 Downtoolong
Downtoolong's picture

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

Tue, 12/10/2013 - 10:04 | 4232023 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 | 4231910 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 | 4231923 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 | 4232157 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 | 4232568 HamRove
HamRove's picture

Yeah, Inclement Weather in their PANTS!

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