Sen. Elizabeth Warren's bill would end trading in water futures

It's selling hypothetical water that is not there and will never be there. It's a total scam that is going to bite drought-prone areas in the ass big time.

Never underestimate the ability of banking and finance to invent new financial products and then tell you how it's beneficial for everyone. (See financial crisis and derivatives for good example of this money making house of cards)

Thank goodness for polits like Warren, a regular target of repubs and wealthy individuals, greedy corps and crypto bros.

*As others pointed, like many other polits, Warren too should be called out for insider-trading. We need less cheerleading and greater accountability. Thank you folks for educating me on this.

In Mexico there is a town run by Coca Cola and the people literally believe in what I think is Fanta. Everyone dies of diabetes and the undertaker sees what's going on, but it's part of the religion. Coca Cola owns the water in that town. I think it's a Vice report.

https://youtu.be/hqnUohxXV0I

Absolutely fucked that it's even a thing in the first place

How can water rights be purchased when most of the western states follow prior appropriation? If this introduces riparian laws to the western US that seems like a terrible idea, in addition to the terrible idea of trading in water futures.

I am seeing more Warren in the news lately. Are they trying to make her an alternative to Biden?

If this bill fails we should all go long water and opt for physical delivery instead of cash settlement.

"Yes, seller of water futures, you have to deliver 800,000 cubic feet of water to my house. That's derivatives bruh!"

Seriously you have to talk to these finance bozos in the only language they understand- money. For some reason, "people need water (and housing etc.) to live" just doesn't get through to them.

I wont care about something she wants until she can no longer inside trade and manipulate stocks. No one is that good at the stock market. Just another greedy person who has more than they can ever spend stealing from her people.

If Biden stepped down and Warren was on the ballot again I would definitely vote in this upcoming election.

Fuck cunt she fucked over progressive for her career. Anything she claims to want to pass that even sounds progressive, either isn't really progressive or she knows it won't pass and she uses it as a prompt.

This cunt would vote against Healthcare for all if it had a chance to pass. Remember she "capitalist to her bones'