CFTC meeting more staged then a Broadway play

I watched in amazement as the CFTC held it's public meeting today. It was obvious from the start that the very reason for the meeting, which was position limits to stop excessive speculation and manipulations of the markets was going to get a smoke and mirrors solution.
All familar with the situation are aware that large traders and banks hold huge positions. These positions allow them to drive the market up and down skimming enormous profits. Obviously this is manipulation and fraud. The CFTC is charged with preventing this, how ever they have turned a blind eye for a decade if not more. This has allowed commodity prices to become extremely volatile side stepping the supply demand dynamic which give markets there efficiency.
Thursday's vote in addition to setting limits which were way to high also make those limits soft. That is to say the CFTC will monitor positions that violate the limits and go to the board for review and a possible vote to force reducing the position. This quite different from what the individual faces. They would be liquidated with little notice or recourse.
It is a sad commentary of the "greatest" free market country in the world who has been preaching free market doctrine for decades. To in effect conduct it's over site policies like a banana republic. How the mighty have fallen.
Many who follow these markets had high hopes that truth and honesty would rule out. Especially after a public disclosure from a London bullion trader explained the crime in detail to the CFTC before it's latest occurrence in the winter of 2010. Also in March of that year public hearings on the matter had attempted to force the hand of the regulators. Unfortunately the charge of the CFTC has change unbeknown to the american people to include preserving fraud and TBTF banks.
With the vote having occurred only last week many or trying to get a handle on it's impact. From Harvey Organ who testified at the March meeting who sees it as a step in the right direction. To Christ Martenson who sees it as another opportunity to ignore the rules and cover up market manipulation.
Further analysts of the decision is necessary to really ascertain it's true meaning and impact. For my two cents,    I see it as of little significance at least in regards to the silver market. It will not stop the manipulation and fraud , but it will put a name in the record books next to a vote to allow the fraud to continue.  I believe in time the system will collapse and hopefully those in charge who were suppose to be watching out for the public interest will be held accountable. If not criminally, at least in the history books.
Till then, I'm a physical buyer of silver on the pull backs. If not to help me sleep at night, at least to due my part in revealing the fraud.