News Flash:
In an attempt to look ethical, the CFTC made some new regulations that would have cracked down on speculation into energy, grain, and the precious metals markets. Judge Robert Wilkins, who was nominated by Obama, ruled that, by law, the CFTC was required to prove that the position limits in commodity markets are necessary to diminish or prevent excessive speculation. Anyone, who expected, the CFTC’s position limits to really stick, were just delusional in the U.S. corpocracy.
Without any perceived limitations, expect more and more outrageous manipulation by the banks until real market forces destroy them.
In short, Wall Street banks win while the little investors lose…. For now.
Source: http://www.reuters.com
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