'Counterparty risk management' means stamping out free markets


9:50p ET Friday, September 8, 2006

Dear Friend of GATA and Gold:

GoldSeek has posted tonight's "Midas" commentary by GATA Chairman Bill Murphy at his proprietary Internet site, LeMetropoleCafe.com. Tonight's "Midas" is headlined "Moral Hazard" and it has some fascinating comments from an anonymous observer to the effect that the primary purpose of the Counterparty Risk Management Group, the fraternity of big New York banks and investment houses, is to rig markets -- or, rather, to stamp out free markets or prevent free markets from developing -- and quite with the approval of the U.S. government. Of course this is exactly what GATA has been saying for years, if not necessarily as well.

You can find the "Midas" commentary here:


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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