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Wall Street Bank Involvement With Physical Commodities (Day One)

Permanent Subcommittee on Investigations

Location: Dirksen Senate Office Building



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Member Statements

Agenda

The Permanent Subcommittee on Investigations held a two-day hearing, “Wall Street Bank Involvement With Physical Commodities,” on Thursday, November 20 and Friday, November 21, 2014.

After a two-year bipartisan investigation, the subcommittee held hearings examining the extent to which banks and their holding companies own physical commodities like oil, natural gas, aluminum and other industrial metals, as well as own or control businesses like power plants, oil and gas pipelines, and commodity warehouses.

The hearing began on both days at 9:30 a.m. in Room 106 of the Dirksen Senate Office Building. 

Witnesses

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EXHIBITS

PANEL ONE

  • CHRISTOPHER WIBBELMAN
    President and Chief Executive Officer
    Metro International Trade Services LLC
    Allen Park, MI
    Download Testimony (17.7 KB)
  • JACQUES GABILLON
    Head of the Global Commodities Principal Investments Group
    Goldman Sachs & Co.
    London, England
    Download Testimony (21.3 KB)

PANEL TWO

PANEL THREE