Regulation? Do we need regulation?

Forum: Politics
Author: [Politics] Topic: Regulation? Do we need regulation?
wallstreetcappers PM wallstreetcappers
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Posted: 12/7/2010 11:21:05 AM
I think so

How can JP be allowed to corner a market like this?

Just more commodity manipulation, deception and greed which will result in the middle class taking a shot to the stomach and JP making lovely excess profits.

Maybe one day Santa will come and rescue the destruction occurring in the commodity pits.

Disgusting..
woopdurritis PM woopdurritis
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Posted: 12/7/2010 11:26:00 AM

 

What are they going to do with all of that copper

captjohn67 PM captjohn67
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Posted: 12/7/2010 11:34:54 AM

yes we need regulators, we just don't need the ones like in the oil industry that were letting the oil companies fill out the paperwork

 

rampant corruption  

rogers12 PM rogers12
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Posted: 12/7/2010 11:39:43 AM
where's eddie murphy when you need him? The brothers are trying to corner the market!!!
KOAJ PM KOAJ
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Posted: 12/7/2010 11:44:27 AM
Max Keiser's solution
KOAJ PM KOAJ
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Posted: 12/7/2010 11:44:59 AM
here's more


wallstreetcappers PM wallstreetcappers
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Posted: 12/7/2010 12:38:52 PM
QUOTE Originally Posted by KOAJ:

Max Keiser's solution


Nope..

That is buying another COMMODITY to spite the owner of another COMMODITY.

Silver is being manipulated, all commodities are being manipulated, this has nothing to do with what commodity, rather that the effects of this manipulation will profit the free market cheaters and will cost the middle and lower class.

Wealth accumulation on the backs of the peasant, it is what is and will destroy this country.

Stop JPM by putting an end to these destructive "investment" practices.


steveshane67 PM steveshane67
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Posted: 12/7/2010 12:46:24 PM
so whats your solution wall?

do you share the same disgust of cornering a market when soros does it?
wallstreetcappers PM wallstreetcappers
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Posted: 12/7/2010 1:03:09 PM
QUOTE Originally Posted by steveshane67:

so whats your solution wall?

do you share the same disgust of cornering a market when soros does it?


Completely. Show me a post where I have been a proponent of these kind of actions?

Solution? I have a solution but since the control is held by those in power with money, the odds of anything happening are what?

There is a difference between cornering a finite supply and Soros taking a position against a currency, I am not sure what he has cornered since I dont know enough about his holdings and style, but I am interested in what he did do (just out of curiousity).

Like I mentioned the other day, you want to see me back a politician? Someone that has the ability to go and stop this obvious monopolistic investing which has and will cost the average person more and profit the disgusting company.

Banks should not be in the business of internal investing, if JP wants to speculate in the commodities pits they they divest their banking interests and all the benefits that come with being a bank. They can under the guise of being a "bank" go to the FED and borrow funds at zippo and speculate with them and that is exacty what they are doing.

Interesting commentary
steveshane67 PM steveshane67
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Posted: 12/7/2010 2:52:03 PM
never said you were a proponent, often times, many ppl dealing with political issues, are what i like to call "conveniently principled" and by that i mean they only hold a view when its convenient for them.

also, a quick google search led me to this article that talks about a japanese attempt to corner the copper market.  link

Or Yasuo Hamanaka, Sumitomo's chief copper trader. Known as "Mr Five Per Cent" because of the share of the copper market he was believed to control, Hamanaka engaged in a decade-long manipulation to corner the market in the 1990s, ultimately costing his employer about $US2.6 billion.

if this firms losses in 98 were 2.6 billion, and that was 5% of the market, jpm buying 1 billion today cant be much more than 1% of the market.

im no exert in cornering markets, but i dont see how buying 1% of something is a big deal.
KOAJ PM KOAJ
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Posted: 12/7/2010 3:15:40 PM
QUOTE Originally Posted by steveshane67:

so whats your solution wall?

do you share the same disgust of cornering a market when soros does it?


the Hunt brothers never actually cornered the silver market...they just demanded physical delivery of the silver they owned through synthetic positions

buy the real stuff
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