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Article: SEN. FEINGOLD CALLS FOR GAO STUDY OF CHEESE TRADING ON CHICAGO MERCANTILE EXCHANGE

Article from:
US Fed News Service, Including US State News
Article date:
July 14, 2006
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The office of Sen. Russell Feingold, D-Wis., issued the following press release:

Sen. Russ Feingold (D-WI) is calling on the Government Accountability Office (GAO) to study if cheese trading on the Chicago Mercantile Exchange (CME) is susceptible to price manipulation and suggest improvements that may be needed. Feingold, along with Sens. Arlen Specter (R-PA) and Hillary Rodham Clinton (D-NY), took the lead in writing GAO Comptroller General David Walker requesting the study nearly ten years after price manipulation was uncovered in cheese trading on the old National Cheese Exchange based in Green Bay, Wisconsin.

"Ten years ago a study found that the cheese trading in Green Bay was ...

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