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<blockquote data-quote="HerefordSire" data-source="post: 638170" data-attributes="member: 4437"><p><em>What I am wondering...is the Swiss banking deal where the US government wants account records of US investors from a Swiss brokerage firm......if it has anything to do with suspected Madoff's investment money. I heard there were about 52K US citizen accounts there. The Swiss Bokerage firm already settled for almost $.9B out of court to the US. Now US Governent want the names of US citizens for tax purposes. Watch how quietly this goes away.</em></p><p></p><p><em>What watchdog are you referring to...SEC? NASD? HAH! :mrgreen: :mrgreen: :mrgreen: </em></p><p><em></em></p><p><em>The only reason you are realizing this is because of news headlines. It has always been the same system, at least since 1933-34 when the Investment Securites Act became official. Sounds like you are beginning to understand the true nature. Wait until you start trading other positions. For example, the currency markets are not regulated at all. Take a position is the US dollar and it is everyone for themselves, legally and specifically. Here, we call our markets regulated, but you can read headlines almost every day about a new swindler. Last was Friday about a London Merryl currency trader where $400M came up missing. That guy might have been framed, you never know.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 638170, member: 4437"] [i]What I am wondering...is the Swiss banking deal where the US government wants account records of US investors from a Swiss brokerage firm......if it has anything to do with suspected Madoff's investment money. I heard there were about 52K US citizen accounts there. The Swiss Bokerage firm already settled for almost $.9B out of court to the US. Now US Governent want the names of US citizens for tax purposes. Watch how quietly this goes away.[/i] [i]What watchdog are you referring to...SEC? NASD? HAH! :mrgreen: :mrgreen: :mrgreen: The only reason you are realizing this is because of news headlines. It has always been the same system, at least since 1933-34 when the Investment Securites Act became official. Sounds like you are beginning to understand the true nature. Wait until you start trading other positions. For example, the currency markets are not regulated at all. Take a position is the US dollar and it is everyone for themselves, legally and specifically. Here, we call our markets regulated, but you can read headlines almost every day about a new swindler. Last was Friday about a London Merryl currency trader where $400M came up missing. That guy might have been framed, you never know.[/i] [/QUOTE]
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