#1: You can get away with just about anything if you're buying the drinks.
Goldman Sachs with the blessing of the Fed is not satisfied with being able to gamble free money from the US taxpayers (borrowed from the Fed at 0 percent) in the high risk commodities futures markets.
They've now figured out that if they own the storage and supply chains for these commodities, they can make money by both manipulating the price and betting on the prices they're manipulating.
And it's all perfectly legal!
And who pays? The US taxpayer once again foots the bill with higher commodity prices on all end products we buy in retail stores.
#1: Too many people are smart enough to be angry, but not smart enough to be successful.
"Warehouse owners (Goldman Sachs) authorized to hold aluminum by the LME have created artificial limits on available supply, leaving prices inflated relative to the massive oversupply and record production. Storage practices that have driven premiums higher forced aluminum users to wait more than 18 months in some cases for delivery." JPMorgan, Morgan Stanley and Goldman are among the lenders whose commodity trading is in jeopardy as the Fed reconsiders letting banks ship oil and store metal.
Gee, it's great to be so smart you can make endless sure fire one way bets. And know that when you screw up even those sure things, the US taxpayer is there to bail you out.