Comment Text:
10-005
COMMENT
CL-02526
From:
Sent:
To:
Subject:
Roger Bryant
Thursday, March 25, 2010 11:49 AM
Metals Hearing
Metals positions limits
Futures markets make prices more volatile, more extreme, in my opinion. They both allow the creation of prices
that are manipulated too high, and too low, because they allow debt-enabled leverage trades on both sides of the
market.
An individual is complicit in a crime if he/she is aware of its occurrence and has the ability to report the crime, but
fails to do so. As such the individual effectively allows criminals to carry out a crime despite easily being able to
stop them, either directly or by contacting the authorities, thus making the individual a de-facto
accessory to the
crime rather than an innocent bystander.
A good first step for the CFTC, or at least, for some of the honest people working at the CFTC, is to admit that the
excessive selling of futures contracts is manipulative, and that steps should be taken to limit this market
manipulation.
