The Commodity Futures Trading Commission (CFTC), tasked with monitoring the complex derivatives that catalyzed the 2008 financial crisis, is now being forced to shrink its headcount due to lack of funding. The CFTC is reportedly offering some of its employees buyouts and early retirements after it has been refused years of requests for increased funding. The agency reportedly has over 700 employees.
The CFTC started to inform some workers last month that it would be giving them as much as $25,000 to leave. These email communications were reported by Bloomberg. The agency is also trying to encourage some employees to consider an early retirement which would, in some cases, allow employees to keep their benefits.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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