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Whistleblower: Crazy Things Are Happening At JP Morgan That Will Blow Your Mind
Posted By: Jordon [Send E-Mail]
Date: Saturday, 17-Mar-2012 15:57:46
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Rampant silver manipulation? Rampant gold manipulation? Rampant LIBOR manipulation? Hiding MF Global client assets? These are all happening at JP Morgan according to an open letter reportedly written by an anonymous employee of the firm.
The whistleblower also warns of a "cascading credit event being triggered" by derivatives related to Greek government debt. Unlike Greg Smith at Goldman Sachs, this whistleblower has chosen to remain anonymous for now. According to the letter, the whistleblower is still an employee of JP Morgan and has not resigned. But that does make it much more difficult to confirm what he is saying. With Greg Smith, we know exactly who he is and what he was doing at Goldman. As far as this anonymous whistleblower is concerned, all we have is this letter. So we must take it with a grain of salt.
However, the information in this letter does agree with what whistleblowers such as Andrew Maguire have said in the past about silver manipulation by JP Morgan. And this letter does mention Greg Smith's resignation from Goldman, so we know that it must have been written in the past few days. Hopefully this letter will cause authorities to take a much closer look at the crazy things that are going on over at JP Morgan and the other big Wall Street banks.
This anonymous letter was addressed to the CFTC, but unfortunately it looks like the CFTC has already chosen to ignore it.
The original letter from this anonymous whistleblower has already been taken down from the CFTC website. When you go there now, all you get is this message....
"The Comment Cannot Be Found. Please Return to the Previous Page and Try Again."Read more: http://theeconomiccollapseblog.com/archives/the-crazy-things-that-one-whistleblower-says-are-happening-at-jp-morgan-will-blow-your-mind
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3 comments:
....part1/2....source is : http://www.rumormillnews.com/cgi-bin/forum.cgi?read=233813*******....(....) Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America's best kept secrets. Please do not allow this to turn into another Enron. Kind Regards,
-The 1st Whistleblower of Many. ----------
Another Enron? If what this letter says is true, then the problems facing our financial system are more serious than most of us thought.
And the allegations of corruption at JP Morgan, are absolutely shocking.But this is not the first whistleblower to come forward to the CFTC with charges of rampant market manipulation by JP Morgan. Back in 2010 I wrote about the stunning allegations that a former silver trader named Andrew Maguire, presented to the CFTC. The following is an extended excerpt from that article.... **http://theeconomiccollapseblog.com/archives/bombshell-whistle-blower-comes-forward-with-solid-proof-the-price-of-gold-and-silver-is-being-manipulated-by-major-financial-institutions ** ---------- Back in November 2009, Andrew Maguire, a former Goldman Sachs silver trader in Goldman's London office, contacted the CFTC's Enforcement Division, and reported the illegal manipulation of the silver market by traders at JPMorgan Chase. ...(....) So will the CFTC do anything about all of this?Based on past history, probably not. Basically, the CFTC is a government agency that appears to do next to nothing. Another scandal involving JP Morgan has come out in recent days as well. This one involves their credit card division. If you have a moments, you should really read the recent American Banker expose of credit card debt collection practices at JPMorgan Chase. It exposes some things that will absolutely blow your mind. Linda Almonte, a former executive at JPMorgan Chase's Credit Card Litigation Support Group, has revealed some incredible stuff regarding the debt collection practices at the company. Almonte says that she was shocked at what she saw when she began examining the details of a $200 million package of debt collection judgments to an outside debt collection agency.... Almonte refused to go along, and she was fired on November 30th, 2009......(...) What we do know is that the financial crisis in Greece is far from over and the European financial system is getting closer to a complete meltdown with each passing day. Very few of the things that caused the financial crisis of 2008 were ever corrected and our financial system is even more vulnerable today than it was back then. In the end, this entire pyramid of debt, leverage and corruption is going to come crashing down really hard, and the consequences are going to be absolutely catastrophic.
http://theeconomiccollapseblog.com/archives/the-crazy-things-that-one-whistleblower-says-are-happening-at-jp-morgan-will-blow-your-mind *107 comments*
.........part2......Whether America does something good or bad, it usually does it in a very "big" way. It is easy to love the United States and all the good that it has done, but it is also easy to be horrified by how far this nation has fallen and by the direction that this country is currently headed. So where does America go from here? That is a very good question. The following are 40 weird facts about the United States that are almost too crazy to believe.... http://theeconomiccollapseblog.com/archives/40-weird-facts-about-the-united-states-that-are-almost-too-crazy-to-believe *********
The U.S. Economy: Soul Crushing Total System Failure.No matter how often the pretty people on television tell us that the U.S. economy is getting better, it isn't going to change the soul crushing agony that millions of American families are going through right now. The stock market may have gotten back to where it was in 2008, but the job market sure hasn't. As I wrote about a few days ago, the percentage of working age Americans that are actually employed has stayed very flat since late 2009, and the average duration of unemployment is hovering near an all-time high. Sadly, this is not just a temporary downturn. The U.S. economy has been slowly declining for several decades and is nearing total system failure. ..... http://theeconomiccollapseblog.com/archives/the-u-s-economy-soul-crushing-total-system-failure
http://theeconomiccollapseblog.com/ ...for more...
Holy shit where have i beem this whole time! Grandma was right! Oh fuck... is it time to start digging holes yet?
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