In response to:

For CME, It’s Time To Lead

GUY92 Wrote: Jul 15, 2012 10:03 AM
To understand what's up with the CFTC 'Policing" the Futures market imagine this: That we lived in a country where there was no police force, but instead each private citizen swore an oath to turn themselves in any time they broke the law. Of course that kind of system never could work. The CFTC has been "investigating" JP Morgan's silver manipulation for 2 1/2 years! Why has it taken so long for a judgement? The evidence was presented up front. JP's behavior is simply stealing from others in that market. When a bank robber robs a bank, and walks out with a pile of cash, and everybody knows who they are, do the police wait 2 1/2 years before arresting them? If our government wished to stop this they would have by now.

PFG Best was the straw that broke the camel’s back in the futures industry. Certain fraud only because Wasendorf was man enough to admit it. Corzine with MF Global hasn’t admitted it. He came from the banking and political culture where you never admit you are wrong. If you repeat the lie long enough it might turn into fact. Joe Paterno followed that tac too, and it wasn’t until he was dead and gone they uncovered the truth.

The problem that I see is there are so many agencies that want the power to regulate we could be in for a...