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re: Big Banks playing dirty in the metals market

Posted on 2/14/14 at 12:52 pm to
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5612 posts
Posted on 2/14/14 at 12:52 pm to
How did they just write an article about this now? The GS bottle-necking at the LME has already been slapped down by the regulators, even though it was actually not as devious as one would think. Goldman actually didn't make money off of "bottle necking" the LME because they didn't even trade on the spot market, bottle necking was a side effect of not having enough infrastructure in place.
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 2/14/14 at 1:20 pm to
The author has written on the metals in particular before. His point is now banks are becoming involved in other markets in a similar manner. He also points out that much of the push in the metals market was taking place as the banks were taking place as the banks were receiving bailouts.
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