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Message: too big to foil

this blog references bart chilton's recent video, and lists some of the complaints made to the cftc. this is where the battle will be won, through regulatory reform. there have also been whispers about a lawsuit about to be filed by a major player, but so far that is just a rumor.

Three weeks ago on 21st July following President Obama’s signing into law, Bart Chilton of the Commodities Futures Trading Commission the CFTC described how The Financial Regulatory Reform Bill would provide proposed a tough new financial regime aimed at preventing futures market manipulation and enabling the prosecution of fraudsters;

What was the impetus for such a loaded announcement? Sure the threat of another GFC caused by excessive risk taking is a frightening scenario, but more likely the trigger for this policy change was caused by a little known March 25th hearing in Washington DC where major allegations of precious metals fraud by the world’s largest bank JP Morgan Chase were publicly aired. Commencing with this article, and as categorised by this author, the blog will review the concerns of the 2,889 public submissions to the precious metals hearing officially lodged with the CFTC between 22nd March and 17th May this year.

http://toobigtofoil.blogspot.com/2010/08/black-eyed-bankers.html

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