Because American lawmakers are weirdly specific brainless creatures. This is how you get all those laws named after individuals like Megan, and my other specific fave, the Video Rental Records Privacy Act.
replyShall we address the general question of privacy, or just close the particular breach that affected a congressman? You know it's going to be the latter.
Because Vincent Kosuga.
replyA guy cornered the market in the fifties, caused a scandal, they made a special exception.
replyBut what I’m saying is, why did they only cover onions? I don’t think there’s anything stopping someone from cornering the market in other commodities just as easily
replyBecause the size of the market was/is so small that you're actually able to corner it. Oil or Treasury futures are far too big that no single person could ever corner it.
replyThough the Hunt brothers made a pretty good run at the Silver market in 1980.
replyChina went all in on rare earth concentrate processing, taking the environmental hits that no one else wanted to touch.
replyThat paid off in a concentrated lock on the bulk of rare earth applications.
Two guys. At one point bags of onions were being sold for less than the value of the bags they were in...
replyThey also got onion farmers to buy back onions they'd already sold.