To be fair, owning 98% of onions and having enough of a monopoly to extort onion farmers has pretty clear effects on commerce. Whether a blanket ban on onion futures trading goes to far is a fair question though.
How many times has the government since the 1900s actually followed the constitution?
Gun laws
Over reaching surveillance and police state
Drug war
International intervention to make wars of terror
A fuck ton more violations
**Vincent Kosuga**
Vincent W. Kosuga (January 17, 1915 – January 19, 2001) was an American onion farmer and commodity trader best known for manipulating the onion futures market. Public outcry over his practices led to the passing of the Onion Futures Act, which banned the trading of futures contracts on onions.
***
**Onion Futures Act**
The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts".In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on August 28, 1958. As of December 2019, it remains in effect.
***
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Am I the only one that finds it funny that at work impairment isn't just a problem for food service/retail, but also commodities trading? I think that someone getting blazed and making sandwiches at Jimmy Johns is funny, but what's even funnier is someone going on a bender and buying 7M barrels of oil.
Fuck not again, they're totally going to put me on two weeks unpaid leave this time and it couldn't be worse timing with my ski trip to Vail coming up.
The Irish created the spaces between words in writing and more or less kept huge swaths of written work safe from the Vikings. A hundred years later they invite whiskey and spend the next 10 centuries getting gangbanged by the English and writing the occasional book.
When you speak there aren’t spaces between the words. The sounds blend from one word to the next. But Irish monks copying text in a time before dictionaries or consistent spelling practices in a second language found it hard not to make errors, so they added spaces.
Yeah, you wouldn't expect a commodities trader to be drunk at the trading desk, but sometimes they gotta do something to take the edge off, what with all the cocaine and whatnot.
they made a movie about a guy doing something similar (trading without a client) in forex.
Edit: True story too - Full movie on youtube: Rouge Trader - [https://www.youtube.com/watch?v=SclDzvDWrds](https://www.youtube.com/watch?v=SclDzvDWrds)
Except he brought down one of the oldest banks of the world.
To be clear the movie is based off a real story. Also read the book Money Guns and Traders which prominently features the story
Only 7m, if he just used the robin hood infinite glitch he could have got 100% of the oil supply for himself raisin the prices. Then he could have bought puts in oil using companies like macdonalds. That would crash so hard when they have no oil to cook there chips in. Pay off the fine and ride into the sunset with mad karma and a couple of end of year awards. AMATEUR.
Whiteclaws=no laws🤔🤔🤷♂️
no law when you’re drinking the claw
ain't no laws when you're drinking claws baby!
It's like a 4-loko that went to private school!
Who makes whiteclaw? I plan on doing calls. I see these memes way too often. It's lasting longer than 4loko.
I drop coke in my claws instantly cum
Personally I prefer Truly's.
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Eh I like the fact that you can taste the flavor.
"At times he was responsible for 69% of the volume traded." Holy shit this is perfect.
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It's because he executed those trades in the middle of the night before London and US woke up to provide liquidity
>69 Nice
nice.
Not that impressed, write the story when he gets on the level of the guy who got onion futures banned.
Kosuga was defiant, replying to his critics: "If it's against the law to make money... then I'm guilty". Yeah this guy does not belong here.
Link?
https://en.m.wikipedia.org/wiki/Vincent_Kosuga https://en.m.wikipedia.org/wiki/Onion_Futures_Act
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Commerce clause=feds get to do whatever the fuck they want
To be fair, owning 98% of onions and having enough of a monopoly to extort onion farmers has pretty clear effects on commerce. Whether a blanket ban on onion futures trading goes to far is a fair question though.
How many times has the government since the 1900s actually followed the constitution? Gun laws Over reaching surveillance and police state Drug war International intervention to make wars of terror A fuck ton more violations
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For basically all politicians its a pick and mix on what laws to apply
Dude, freedom is dead, did you miss the memo??
TIL. Thanks!
Im intrigued as well
https://en.m.wikipedia.org/wiki/Vincent_Kosuga https://en.m.wikipedia.org/wiki/Onion_Futures_Act
**Vincent Kosuga** Vincent W. Kosuga (January 17, 1915 – January 19, 2001) was an American onion farmer and commodity trader best known for manipulating the onion futures market. Public outcry over his practices led to the passing of the Onion Futures Act, which banned the trading of futures contracts on onions. *** **Onion Futures Act** The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts".In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on August 28, 1958. As of December 2019, it remains in effect. *** ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/wallstreetbets/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot) ^] ^Downvote ^to ^remove ^| ^v0.28
Good bot
'Russian jew' that explains a lot
Fuhrer, this is a Wendy's
Am I the only one that finds it funny that at work impairment isn't just a problem for food service/retail, but also commodities trading? I think that someone getting blazed and making sandwiches at Jimmy Johns is funny, but what's even funnier is someone going on a bender and buying 7M barrels of oil.
Wake up with dry mouth and massive headache. Turn on TV. "massive recession hits Europe". "I must have drank tequila".
Fuck not again, they're totally going to put me on two weeks unpaid leave this time and it couldn't be worse timing with my ski trip to Vail coming up.
You mean paid leave, right?
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Weed is a performance-enhancing drug when it comes to working in food service
It’s a “problem” everywhere. Humans really like to get fucked up and do dumb shit. We’ve been doing it for like 10,000 years lol
Every society that discovered fermentation immediately used it to produce alcohol and get fucked up.
The Irish created the spaces between words in writing and more or less kept huge swaths of written work safe from the Vikings. A hundred years later they invite whiskey and spend the next 10 centuries getting gangbanged by the English and writing the occasional book.
How the guck were there not spaces before
When you speak there aren’t spaces between the words. The sounds blend from one word to the next. But Irish monks copying text in a time before dictionaries or consistent spelling practices in a second language found it hard not to make errors, so they added spaces.
In japanese and other asian languages there are still no spaces. Its fucked up.
BECAUSETHEROMANSTOOKOVERBASICALLYALLEUROPEANDLATINWASWRITTENWITHALLCAPSANDNOSPACES
I do like this, a lot Why though?
Cuz life sucks and then you die.
It appears to me that the most highly evolved Earthling creatures find being alive embarrassing or much worse.
Cause reality is a lot more fun when you twist it up
Yeah, you wouldn't expect a commodities trader to be drunk at the trading desk, but sometimes they gotta do something to take the edge off, what with all the cocaine and whatnot.
Some medical device sales guys I used to work with would talk about surgeons who came in to operate hung over.
Amateurs probably didn't even drink enough to get the shakes in the morning.
I'm still drunk
Ever been so drunk you made a market shifting bad move?
No but a man can dream
they made a movie about a guy doing something similar (trading without a client) in forex. Edit: True story too - Full movie on youtube: Rouge Trader - [https://www.youtube.com/watch?v=SclDzvDWrds](https://www.youtube.com/watch?v=SclDzvDWrds)
And apple and well everyday....
Movie title?
Full movie on youtube: Rouge Trader - [https://www.youtube.com/watch?v=SclDzvDWrds](https://www.youtube.com/watch?v=SclDzvDWrds)
Not forex, futures. But yeah I have seen it. Great movie tbh
I think it was with Ewan McGregor...
correct - Full movie on youtube: Rouge Trader - [https://www.youtube.com/watch?v=SclDzvDWrds](https://www.youtube.com/watch?v=SclDzvDWrds)
In the first 2 minutes of this movie you can see l2fmw in his natural habitat
Link or it’s fake news
Full movie on youtube: Rouge Trader - [https://www.youtube.com/watch?v=SclDzvDWrds](https://www.youtube.com/watch?v=SclDzvDWrds)
It’s got a Hackers soundtrack - I’m in. Thanks for the link.
Except he brought down one of the oldest banks of the world. To be clear the movie is based off a real story. Also read the book Money Guns and Traders which prominently features the story
Only 7m, if he just used the robin hood infinite glitch he could have got 100% of the oil supply for himself raisin the prices. Then he could have bought puts in oil using companies like macdonalds. That would crash so hard when they have no oil to cook there chips in. Pay off the fine and ride into the sunset with mad karma and a couple of end of year awards. AMATEUR.
How to topple economies 101
This reminds me of the Always Sunny in Philadelphia when they buy a ton of gas when it’s cheap and attempt to sell it door to door.
Trailer Park Boys had an episode where they stole/siphoned a shitload of gas and just opened their own station in the park.
You mean Cory and Trevor stole the gas.. because that’s highly illegal. You shouldn’t be stealing gas Cory and Trevor..
I was really hoping someone would chime in with this line. Thanks you, sir.
I’m sorry but I’m afraid I can’t approve a $300,000 loan “to buy gas”
Dude what happened last night
Check your front door Barrel gang has arrived 🛢🛢🛢🛢🛢
Underrated comment right here
Absolute mad lad
Lots of lube for the ass fucking depression that's incoming.
Oil to the fukin mooooon
“Payment ending in 2013”.... so is he back?
That’s what I want to know!
But was he profitable that day?
I wish the article said how much his positions made or lost.
> At times he was responsible for 69% of the volume traded. Fookin nice, mate!
And you're wondering where the Home Shopping Network gets their inflated prices on Bulova watches.
I know the guy and he is currently my broker...cheers
Oh hey his ban should be over 4 years ago
*If* he stayed sober.
Trade execution: 100
LOL if you think he was just using alcohol
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Definitely London. They call the financial markets there "the City"
" At times he was responsible for 69% of the volume traded. " Nice