Tuesday, September 8, 2009

Further On Crude Oil & Leveraged ETFS

I told you there were a scam.

tradersutra.blogspot.com/2009/07/crude-etf-trading-is-joke.html

Well Deutsche Bank is the first bank to halt marketing and sale of its own fraudulent Crude Oil ETF.

www.ft.com/cms/s/0/4567b900-9759-11de-83c5-00144feabdc0.html

First shoe to drop. Wont be the last.

Whats very interesting here is this:

"Limitations imposed by the exchange on which Deutsche Bank manages the exposure of the notes have resulted in a 'regulatory event' as defined in the terms of the notes."

Hmmm...Do they know something that we don't?

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