U.S. Senate Finds JPM Lied and Deceived Regulators
Earlier this afternoon, the U.S. Senate Permanent Sub-Committee on Investigations issued a report on JP Morgan, specifically the "London Whale" derivatives trading loss fiasco.
Here are the key links from ZeroHedge:
And below is the Scribd copy of the entire report.
I have maintained for months that JPM's naked short position in silver is an enormously over-leveraged and careless bet that they have placed in order to control and manipulate the market; actions nearly identical to those by Bruno Iksil that were investigated and condemned in this report. When JPM's level of deceit in silver finally becomes public knowledge....well, let's just say that things are going to get very interesting.
Once again, truth will prevail and we shall be vindicated.