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Silver Wheaton Corp. Message Board

  • xraythrives xraythrives Sep 28, 2012 11:04 PM Flag

    Part of Idiotic Frank Dodd thrown out by federal judge-CFTC Position limits THE ONLY SMART THING IN THE DAMNED BILL

    Judge Robert Wilkins of the U.S. District Court for the District of Columbia threw out the U.S. Commodity Futures Trading Commission's new position limits rule, and sent the regulation back to the agency for further consideration.

    Wilkins ruled that, by law, the CFTC was required to prove that the position limits in commodity markets are necessary to diminish or prevent excessive speculation.

    He also ruled that the amendments to the 2010 Dodd-Frank financial oversight law "do not constitute a clear and unambiguous mandate to set position limits, as the Commission argues."

 
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