Chicago Mercantile Exchange
Rick Santelli suggested “maybe we’d just be better off if we gave it to everybody and then in a month it would be over.”
Put them together, and fake money could exacerbate real problems.
Prior to cofounding Origin Investments, I was a trader at the Chicago Mercantile Exchange. My greatest strength was being able to set aside my emotions. I never carried large positions overnight, and I never had an opinion about where the market was going, until one day I did.
So the Chicago Mercantile Exchange wants a world-class education system yet will not give a minute fraction of its wealth and revenue to actually make this a reality?
Many school systems, like those in Chicago, are funded through property taxes. This obviously leads to schools in wealthier neighborhoods having more resources than schools in poorer neighborhoods, like the ones Rahm Emanuel closed this year.
In the face of escalating gas prices, the oil patch, their allies and Wall Street are counting on your ignorance permitting them to pick your pockets, spoon-feeding you nonsense while they cash in massively.
The millions of dollars per year CME Group is siphoning out of the Illinois state budget makes us, the working people of Chicago and Illinois, its majority shareholders.
Given both its immense power and its history, we would be wise to keep an eye on CME Group. There has never been a better time to stand up to this powerful company and demand that it give our money back.