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say no
Posted Anonymously
15 years ago
Feb 2, 2009 8:11
In Thread: How Gold Links Treasuries & the Dollar
Hi Ashraf. There have been 2 disturbing regulation proposals in the trading industry that would basically destroy the 2 biggest markets in existence.

Finra proposes lowering the leverage in forex to 1,5/1 bassically no leverage.
http://www.finra.org/Industry/Regulation/Notices/2009/P117744

Then you have the bill proposal that would destroy the credit default swaps market as we know it wiping out most of the volume. Bloomberg made a story about this but now suddenly it's gone of their site. For those that didn't read it, google "U.S. Draft Law Would Ban Most Trading in Credit Swaps"

What do you think of these new attacks on the trading profession? What do professionals in the trading industry think about these proposals? Do they plan to voice their concern and lobby against these unfortunate proposals?

Or will they just take it because after all, "they" caused this crisis like the goverment is conditioning the public to bealive. And by "they" I mean wall street (in other words traders) and the free market.

So whats their solution? Looks like it's destruction of trading and the free market, and I'm sure most of the public would cheer them on while they did it.
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