Yesterday, Gretchen Morgenson from the Wall Street Journal Reported that Goldman Sachs owns large Warehouses used to slow trade and manipulate aluminum prices. Why has the S.E.C allowed these anti-consumer transactions to occur? Was taxpayers money used to funds these transactions either directly or indirectly? Why does a bank need 1.5 million tons (3 Billion Pounds) of aluminum? Why are banks allowed to be involved in physical exchanges?
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