Tuesday, August 13, 2013

CFTC Investigating Goldman’s Aluminum Warehouse Practices

According to news reports, the CFTC is currently investigating allegations that Goldman Sachs has been manipulating the price of aluminum by releasing it too slowly from warehouses it owns through a subsidiary. The CFTC will probably develop a fuller story of what did or did not happen than was contained in the original New York Times article on this subject, which I criticized. This is clearly something the CFTC should investigate.

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