Big Banks and CFTC Conspired to Hide Speculation from Congress - Traders Hideout | futures io social day trading
futures io futures trading


Big Banks and CFTC Conspired to Hide Speculation from Congress
Updated: Views / Replies:542 / 5
Created: by Laurus12 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Big Banks and CFTC Conspired to Hide Speculation from Congress

  #1 (permalink)
Elite Member
Norway
 
Futures Experience: Advanced
Platform: MultiCharts, CQG, NinjaTrader
Broker/Data: CQG, DTN IQFeed
Favorite Futures: EURO
 
Laurus12's Avatar
 
Posts: 376 since Nov 2010
Thanks: 557 given, 349 received

Big Banks and CFTC Conspired to Hide Speculation from Congress

Found this article over at Global Research about the CFTC issuing exemption letters to big banks, starting in 1991, despite regulations preventing speculators/big banks from betting on commodities.

Excerpt: "...When a congressman on the Agricultural Commission asked the CFTC for a sample of one of the exemption letters, the CFTC official said he had to ask Goldman Sachs whether or not the CFTC could show a copy to Congress...."

The Big Banks and Commodities Future Trading Commission Conspired to Hide Speculation from Congress | Global Research


Laurus

“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
Reply With Quote
The following user says Thank You to Laurus12 for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,667 since Nov 2010
Thanks: 776 given, 8,714 received
Forum Reputation: Legendary


Well - heads are really gonna roll now....

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
 
  #4 (permalink)
Elite Member
Norway
 
Futures Experience: Advanced
Platform: MultiCharts, CQG, NinjaTrader
Broker/Data: CQG, DTN IQFeed
Favorite Futures: EURO
 
Laurus12's Avatar
 
Posts: 376 since Nov 2010
Thanks: 557 given, 349 received


DionysusToast View Post
Well - heads are really gonna roll now....

Hello DionysusToast,

Yes, I really hope so. Hope they take a serious stand and do a firm push back with all that is and has been happening. Just read this article over at WND "It begins: Major demand to impeach Obama". Hope they nail him and his accomplices once and for all.

“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
Reply With Quote
 
  #5 (permalink)
 Vendor: www.traderwerks.com 
Taipei Taiwan
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus
Favorite Futures: TW
 
Posts: 693 since Jun 2009
Thanks: 440 given, 440 received


Laurus12 View Post
Hello DionysusToast,
Yes, I really hope so. Hope they take a serious stand and do a firm push back with all that is and has been happening.

This started under George H. W. Bush in 1991, and congress did not find out about them until 1997 under Bill Clinton.

I think this is more of a case of regulatory capture than anything else.

Math. A gateway drug to reality.
Reply With Quote
The following 2 users say Thank You to traderwerks for this post:
 
  #6 (permalink)
Elite Member
Norway
 
Futures Experience: Advanced
Platform: MultiCharts, CQG, NinjaTrader
Broker/Data: CQG, DTN IQFeed
Favorite Futures: EURO
 
Laurus12's Avatar
 
Posts: 376 since Nov 2010
Thanks: 557 given, 349 received


traderwerks View Post
This started under George H. W. Bush in 1991, and congress did not find out about them until 1997 under Bill Clinton.

I think this is more of a case of regulatory capture than anything else.

Thanks, and thanks for the link. Interesting that you found it over at Mises Institute. I hadn't come that far to discover that they had a Wiki. Even if the link is just up to the right I noticed now

“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
Reply With Quote
The following user says Thank You to Laurus12 for this post:

Reply



futures io > > > Big Banks and CFTC Conspired to Hide Speculation from Congress

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
"The Big 4 Banks Have To Cheat To Hide Their Insolvency" Victory Trader News and Current Events 0 August 28th, 2012 07:48 PM
Volcker: Big Banks are too big, but that's OK kbit News and Current Events 0 May 9th, 2012 09:56 PM
CFTC Votes 3-2 to Approve Limits on Commodity Speculation kbit News and Current Events 0 October 19th, 2011 12:18 PM
Crude Speculation works both ways liquidcci Commodities Futures Trading 10 September 30th, 2011 04:07 PM
CHK Speculation tr3nt Traders Hideout 1 July 14th, 2009 04:52 AM


All times are GMT -4. The time now is 07:45 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.11 seconds with 19 queries on phoenix via your IP 54.226.132.197