Sen. Nelson: Commodity Futures Trading Commission Chairman not ‘moving fast enough’

Senator Bill Nelson (D-FL) joins Starting Point with Soledad O’Brien to talk gas prices and oil speculation.

Sen. Nelson says, “Now, with regard to your question about regulation, remember this regulation of energy’s future contracts was eliminated in the dead of night in December of 2000 and you saw the Enron scandal that came from that and you’ve seen markets that have excessive speculation. I’m saying let’s do some common sense. Let’s do some bipartisanship on which we can agree. I think the administration is moving there. And you ask about my meeting yesterday with the [Commodity Futures Trading Commission Chairman Gary Gensler]. I don’t think he’s moving fast enough. I think he has the emergency powers under the Wall Street reform bill and I think they need to move faster. They are moving in that direction but not fast enough for me.”

Starting Point with Soledad O’Brien airs weekday mornings from 7-9am ET on CNN.