Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: TheThirdRuffian
Finally the regulators and the commodities exchanges took draconian action to forestall disaster. Rules were imposed arbitrarily to prevent further buying of silver by the Hunts or anyone other than industrial users and shorts who were buying back silver they had previously sold. The Hunts were trapped; they could not buy, and there was no one to sell to.

Point granted, but the fact remains that you find the above acceptable, but do not find a similar regulatory remedy acceptable in oil.

45 posted on 06/09/2008 2:37:21 PM PDT by RegulatorCountry
[ Post Reply | Private Reply | To 41 | View Replies ]


To: RegulatorCountry

Who said I find that acceptable?

They basically made a law specific for the Hunts. Sounds like a Bill of Attainder, or close to it.

Moreover the Hunts held something like 77% of silver — no one is remotely close to that in oil.

Exxon, for example, holds 3% -— and it is not really “in control” of even its 3% as much is under contract or shared with others.


47 posted on 06/09/2008 2:42:34 PM PDT by TheThirdRuffian (McCain is the best candidate of the Democrat party.)
[ Post Reply | Private Reply | To 45 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson