Levin inquires about the risk level of the trading strategy used.
03/14/2013
https://www.congress.gov...
So you entered into a deal that said they would cancel as soon as possible, but that was not in your interest?
You insisted in that contract that they would pay a penalty if they did not put their metal into another Metro warehouse...
These are not law. They are policy, and that means they are left up to the companies to implement.
Cancellations drive the queue, and we all ought to remember that.