In what can't be termed a surprise, Reuters reports today that the CFTC is prepared to close it's silver investigation.
In the end, why should this surprise anyone? They've covered up the manipulation for five years. If they were to act now, they would be opening themselves to liability based upon their inaction. All they can do now is cover up and hope that the entire issue slips away into irrelevance.
The institutions of government are hopelessly corrupt. I
believe fear know now that we are too far down the path of tyranny and corporate fascism to ever be rescued.
From Reuters: http://www.reuters.com/article/2013/09/25/us-cftc-silver-idUSBRE98O0SR20130925
The U.S. Commodity Futures Trading Commission on Wednesday said it has closed its long-running investigation into complaints about manipulation in the silver markets, and is not recommending charges.
The CFTC publicly confirmed the probe in September 2008. At the time, the agency had received complaints about whether the silver futures contracts traded on the Commodity Exchange Inc (COMEX) were being manipulated.
"Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets," the CFTC said in a statement.
The full CFTC statement is here: http://www.cftc.gov/PressRoom/PressReleases/pr6709-13
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