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Old 03-03-2010, 20:05   #1 (permalink)
Mike
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Fyi House Lawmakers Concerned On CFTC Retail Forex Leverage Proposal

I found this article to be excellent, it really does shed some light on what our legislature is thinking about the proposed 10:1 leverage limitation. It appears everyone is against this and the move doesn't exactly "protect" us as much as they want us to believe it might. Here's the article:

Quote:
"If our leverage rules are 10-to-1 and leverage rules elsewhere are 100-to-1, the business is going to move elsewhere," Marshall said, adding that investors could be even less protected if business moves to a country with lax regulations.
more...
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Old 03-05-2010, 23:45   #2 (permalink)
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I am totally against this BS, what a disaster this is going to be.
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Old 03-09-2010, 07:46   #3 (permalink)
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Seriously, more of a mess that doesn't get to the front page of any paper or even a mention on the tele.

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Old 03-15-2010, 06:55   #4 (permalink)
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Bump This, sad to see no one else care.
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Old 03-15-2010, 09:13   #5 (permalink)
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I sure as hell care, they are ruining this country one law at a time, BOO!!!

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Old 03-16-2010, 16:02   #6 (permalink)
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They are ruining this Forex Nation!

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Old 03-18-2010, 16:49   #7 (permalink)
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It's still not too late to submit your comments to the CFTC website.
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Old 04-13-2010, 03:40   #8 (permalink)
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Yea, this is going to be a nightmare when it comes to pass, which it will, Obama gets it all passed man...

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Old 04-28-2010, 04:46   #9 (permalink)
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Does anyone know how this turned out in the end?

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