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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

Nov 19 4:00 PM EST

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To: long-gone who wrote (21759)	10/16/1998 12:42:00 AM
From: PaulM	Read Replies (2) of 116762

Six Month Moratorium on CFTC Regulation of Derivatives "The moratorium was triggered by complaints that the CTFC would intrude on other regulators and disrupt OTC derivatives" biz.yahoo.com What other regulators?? Isn't a bit shocking that after the LTCM bailout congress' only response is to PREVENT an agency that wants to regulate derivatives from doing so? The FED's consistent position on non-regulation of hedge funds and derivatives, the dangerous derivative position these hedge funds took, and the FED's LTCM bailout...all these smell pretty bad.... I have a feeling the FED take will care of the hedge fund problem for good before the sicx months is up. They will be regulated right out of business for the sake of their creditor banks.

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