[dirtboy]

This is a free market, conservative, website for people who undestand basic economics.

So you think the Hunts trying to corner the silver market and driving the price to $48/oz was a good free market thing?

[TheThirdRuffian]

“So you think the Hunts trying to corner the silver market and driving the price to $48/oz was a good free market thing?”

Yes, it worked fine. The highly leveraged Hunt Borthers were unable to meet their margin calls, and were forced to sell. The price of silver fell dramatically; on March 27th 1980 the price fell 50% in one day, from $21.62 to $10.80. The Hunt Brothers were forced to declare bankruptcy. Bache Group, which handled of the trades for the brothers, was financially ruined.

Too bad, so sad. Market worked.

[mc6809e]

So you think the Hunts trying to corner the silver market and driving the price to $48/oz was a good free market thing?

Yep. The Hunts lost hundreds of millions of dollars.

They became what Ben Franklin said are bad examples that are good examples.

The market gave them what they deserved.