President Obama has promised to decipher why gas prices continue to rise by seeking the help of the Justice Department. View a video of his plan and learn more in this full post by The Mess That Greenspan Made.
President Barack Obama promised to get to the bottom of high gas prices by ordering the Justice Department to root out all of the price gougers along with the traders and speculators who don’t seem to care how much it costs them to fill up their tank.
Attorney General Eric Holder announced the formation of the Oil and Gas Price Fraud Working Group, part of the Financial Fraud Enforcement Task Force Working Group, a team of Washington’s best regulators who, if they do as good a job on energy markets as they did with the mortgage market a few years ago, offer little hope for lower prices at the pump.
This post was republished with permission from The Mess That Greenspan Made.