Why was the law against onion futures passed in the first place? Couldn’t the same scheme be done with garlic, or sweet potatoes, or turnips or something?
But 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
Because 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.
> Treasury futures are far too big that no single person could ever corner it.
Well, you'd think, but squeezing the CTD bond was completely accepted practice well into the noughties until PIMCO flew too close to the sun and faced regulatory wrath.
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Well, you'd think, but squeezing the CTD bond was completely accepted practice well into the noughties until PIMCO flew too close to the sun and faced regulatory wrath.