This has nothing to do with music, but I noticed an interesting bill introduced last week: “The Secretary [of Energy] shall appoint or designate a Director of Social and Behavioral Research…”

In related developments of note: “The Chicago Climate Exchange (CCX) is North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”

And of course, what would a security be without a derivative future contract: “The Chicago Climate Futures Exchange® (CCFE®) is a landmark derivatives exchange that currently offers standardized and cleared futures and options contracts on emission allowances and other environmental products. CCFE is a wholly owned subsidiary of CCX.”

A “derivatives exchange” for cap and trade. Is it just me, or is there not a Zelig aspect to this derivatives business.

This is not a joke, I’m not making this up. And yes, CCX will be too big to fail.