re: Big Banks playing dirty in the metals market

quote:

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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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In all fairness to the banks, they'd been pushing to get into the physical commodities markets for years before the financial crisis. I get the bailout argument, and I don't like supporting Goldman because they are pretty dirty traders. It's just a weird area and point of time that if you're a newspaper article author you have the luxury of being critical while the regulators of the time had the onus of keeping the financial system from going under.