Wall Street and manipulating commodities markets

[61raddeac]

http://www.nytimes.com/2013/07/21/business/a-shuffle-of-aluminum-but-to-banks-pure-gold.html?pagewanted=1&_r=0&adxnnlx=1374681841-Ng8l9EYrQACpJLN5dEUuZQ

This seems pretty outrageous to me. I can't believe our system supports these practices.

 

[WFFaithful]

Down with job killing, over-burdensome regulations! Think of all those forklift drivers! You can buy your aluminum cans elsewhere if you don't like it!

 

[Lectro]

Yes, the Wall Street journal mentioned this awhile back...

Apparently pressure has been applied to Goldman and they are rapidly divesting themselves of warehouses and containers. The aluminum (and other) manufacturers are jumping into that space by snapping up the Goldman properties -- as reported in yesterday's WSJ.

 

[bigdoublezero]

Had a hearing about this issue yesterday:

http://www.bloomberg.com/news/2013-...rs-raise-market-power-concern-at-hearing.html

 

[ibleedgoldandblack]

The primary culprits can be seen below:

 

[myDeaconmyhand]

that's a complicated boot strap pulling method.

 

[PhDeac]

The primary culprits can be seen below:

The pic doesn't load. I'm going to assume it had something to do with this:

 

[ibleedgoldandblack]

Let's try a different picture then...

 

[marquee moon]

Let's try a different picture then...

why is phdeac hugging boogity?

 

[ibleedgoldandblack]

why is phdeac hugging boogity?

Wait, I can't wrap my head around this. Do you mean to tell me....that phdeac...is a dead ringer for Dan Aykroyd?