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Comment for General CFTC Recommendations Regarding Regulatory Responses to the Market Events of May 6, 2010

  • From: Charles R Fouquette
    Organization(s):
    Tax Payer

    Comment No: 31705
    Date: 3/7/2011

    Comment Text:

    Mr Gensler. Someone has got to have the intestinal fortitude and national morality to stop the manipulation of the metals market. When JP Morgan took over Bears Stern they assumed a short position of 25% of the available Silver in the world. Now if there is a call for delivery of Physical Silver by the owners of the paper the Government will look like a bunch of school kids selling pop bottles for the deposit. You have to put someones feet to the fire. I know its tough but you will only be remembered for the good you do. You would not want to be lumped with the idiots that started this Short Manipulation in the first place. Charley Fouquette Iron Workers Business Representative Retired.

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