Article: Stitt voices support for investigation of meatpacking industry and prices

Article - Media, Publications

Stitt voices support for investigation of meatpacking industry and prices

Cory Smith, 25 May 2021

TULSA, Okla. (KTUL) – Gov. Kevin Stitt and Blayne Arthur, the Oklahoma Secretary of Agriculture, sent a letter last week to the U.S. attorney general in support of the investigation into price-setting in the meatpacking industry.

They say the lack of competition in the meatpacking industry means possible “market manipulation” that squeezes profits for Oklahoma’s 52,000 cattle operations.

“The substantial margins between the live cattle prices our ranchers receive and the retail prices consumers pay at the grocery store are a continuing source of concern and frustration for Oklahoma’s beef industry,” reads part of the letter. Continue reading “Article: Stitt voices support for investigation of meatpacking industry and prices”

Subject: Frank D. Lucas

Subject of Interest

Frank D. Lucas (R-OK) is a committee member of the 116th Congress U.S. House Committee on Financial Services. He is an American politician serving as the U.S. Representative for Oklahoma’s 3rd congressional district, since 2003, having previously represented the 6th district, from 1994 to 2003. He is a member of the Republican Party and serves as the ranking minority member of the House Committee on Science, Space and Technology. Lucas graduated from Oklahoma State University.

Biography

U.S. House Banking Committee on Financial Services

Article: Barclays guilty of market manipulation

Article - Media, Publications

Barclays guilty of market manipulation

moneyweek, 27 June 2012

Barclays Bank is to pay a 290 million pound fine following an investigation by UK and US regulators into manipulation of inter-bank lending rates.

The bank’s top executives, including Chief Executive Bob Diamond, have agreed to waive their bonuses this year as a result. City watchdog, the Financial Services Authority (FSA), said Barclays’ regulation breaches were “serious, widespread and extended over a number of years”.

It accused the bank of having inadequate systems and controls in place until June 2010 and of failing to review its systems and controls at a number of appropriate points. Continue reading “Article: Barclays guilty of market manipulation”