Abstract

Capitol Letter
Bird, Kai | August 2, 1986 issue

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According to his annual financial disclosure forms, U.S. Republican Senator Steven Symms has frequently taken positions on silver futures in the commodity market, then introduced legislation designed to bolster silver prices, and, after prices have duly risen, sold his futures for a handsome profit. During 1979-1982, Symms played a key legislative role in bolstering the silver market, cosponsoring such measures as a 1979 bill requiring the government to purchase $513 million worth of silver for its already enormous emergency stockpile.

See Also:

SILVER industry; SYMMS, Steven; LEGISLATION; COMMODITY exchanges; LAW; UNITED States
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