Chickens are coming home to roost...

MMR

CFTC's Chilton Admits Silver Market Subject To "Fraudulent" Influences, Says Manipulation Should Be Prosecuted
Link to article

MoneyCollector

Maybe we'll get a class action lawsuit form in the mail to fill out if we've bought or sold silver within the last 10 years. The law firm "representing" us will get $250 million and we each get a certificate good for a free quarter ounce of scrap sterling jewelry pieces with our next 100oz purchase. Of course you gotta dig out 10 years worth of records and actually take the time to fill out the form....Yay!!!

MMR

Anyone read this article?

Hehehe. I know, its hard work to read,

derryb

I'm sure the guys in the earlier thread about it took time to read it.

MMR

Oops. Sorry about that. I see you beat me to it!

Bear

"Now, isn't that special".

derryb

Maybe the threat of prosecution is just a ploy by the CFTC to get the manipulators back into the game. They have been graciously bowing out of late because of the greater risk of getting caught with their pants down in the bull market. I refuse to believe the CFTC is concerned about the consumer.

roadrunner

Agreed, the CFTC is probably more concerned about their reputation, potential liability, and that they don't forfeit any regulatory "power" during the upcoming shake up. The consumer's well being is at the bottom of their list. Even minimizing any future damage inflicted to JPM/HSBC will be a higher priority.

roadrunner