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Coors urges Feds to crack down on Bank's aluminum manipulations

Paul Pollets
Paul Pollets Member Posts: 3,656
Per my post regarding banks manipulating metal commodity pricing in aluminum and copper, Coors has asked the Feds for oversight to prevent market manipulation of commodities:



<a href="http://www.huffingtonpost.com/2013/07/22/millercoors-federal-reserve-aluminum_n_3636764.html?utm_source=DailyBrief&utm_campaign=072313&utm_medium=email&utm_content=FeatureTitle">http://www.huffingtonpost.com/2013/07/22/millercoors-federal-reserve-aluminum_n_3636764.html?utm_source=DailyBrief&utm_campaign=072313&utm_medium=email&utm_content=FeatureTitle</a>



These banks will be able to control the price of commodities by controlling major stocks of metals.

Comments

  • BobC
    BobC Member Posts: 5,477
    Regulations

    should be exactly what they were after FDR enacted reform to PREVENT another run on the banks. The banks won't like that because current rules give them a license to steel and they are more than willing to fleece all of us. Congress is willing to let the bankers take anything they want because they are all in the bankers pockets.



    Bankers and lawyers (remember almost all congressmen are lawyers) at the bottom of a tall cliff would be a good start.



    Bob
    Smith G8-3 with EZ Gas @ 90,000 BTU, Single pipe steam
    Vaporstat with a 12oz cut-out and 4oz cut-in
    3PSI gauge
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