A day after releasing a scathing report, a Senate panel holds a hearing on J.P. Morgan's trading debacle. Colin Barr reports on Markets Hub. Click here to ...
There is every reason to have such hearings if only to see these people
squirm in their seats! "the Democrats have very little to no background in
finance" - That statement is frankly laughable! Do you really believe that?
Are you suggesting Republicans have a better understanding of finances?
Under who`s watch did the bubble burst? Carl Levin seems to have a very
good grasp of the situation for an old man. Asking the right questions. Why
did JP Morgan then require a 12 Billion bailout?
Do I believe that? It is not about belief, it is true. Sen. Warren's
limited exposure to finance is thru bankruptcy law and her daughters
consumer finance book. This is typical of the left's politics of envy and
irrational anger. Under who's watch did the bubble burst? I would remind
you that Sen. Levin was chairman of this subcommittee during the financial
crisis. He served the purpose of creating soundbites well.
Once again you are altering the focus. Senator Levin was chairman of this
subcommittee during the financial crisis BECAUSE THERE WAS A FINANCIAL
CRISIS!!! Do you see? The annoying soundbites that you clearly wish would
go away and those annoying lefties as well as those poor victims with
destroyed livelihoods would like to see this never happens again.
There really isn't any point in having this hearing in the first place. I
would understand an SEC investigation, but these senators, especially the
Democrats have very little to no background in finance. The J.P. Morgan
Whale is most relevant to its shareholders. There wasn't any risk to the
bank's solvency as a result of this trade mishap.
So let's recap the week Joe: Gold and silver get smashed during a quiet
period with no buyers and actually trigger a 20 second stop trading
period(longest ever period) it was so blatant and large. JPM announces they
have over 2.5 billion dollars put aside for fines. JPM tells Pan America
Silver don't bother hedging silver. JPM whistle-blowers finally get to go
public and announce silver and gold are being manipulated by their bank. .
If nothing else, holding my phizz Au makes for a wild ride.
I was feeling in a bit of a panic to buy more silver for fear the price
would rise a lot since friday, but the supposed Market price is simply
sinking. I never know what to make of the stories about silver, but usually
I make the wrong choice about when to buy or sell. Once again, I was going
to be panicked into buying,but this time I just held off, and the price
went down. Usually, if I buy silver, you can count on the price going down
right after. So, I plan to buy some later today....word
PS .. Andrew MCquire was nearly killed in a freak accident where someone
tried to run him over in London .. I would also mention when does any
federal agent or their cronies go to jail for anything unless they are
small fish scapegoats.. federal agents have done murder .. numerous times
and no one is punished .. not just police agencies have done this but also
agencies like Forest Service, Fish and Wildlife and Interior Dept.
Funny, we can't get a Glen Greenwald to jump on the CFTC. Along the same
line,there is no mainstream coverage of the metals manipulation. What is
the difference? They are both hugely embarrassing to the government,
indicating skull duggery of the highest order. The Snowden leak is all over
every outlet and metals not a peep. Why? Maybe the fact that no one cares
about the precious? Puzzled for sure.
Bart Chilton was nominated by President Bush and confirmed by the U. S.
Senate in 2007. In 2009, he was re-nominated by President Obama and
reconfirmed by the Senate...there is your smoking gun nothing is going to
happen as long as Bart Chilton is in charge...and silver & gold is going
nowhere until the other countries do something.
Bart knows exactly what is going on and that's why he will be disgraced.
I'm sure the DOJ is telling him to stand down. We can only hope that
SOMEDAY there's a reckoning and justice will prevail. Speaking of which,
that is why Islam is spreading so fast. Their ideas of justice in society
is clashing with the lawlessness of ours.
Captured regulators will do nothing .. nothing. The problem is the system
.. it is corrupt and needs to implode. The problem with DC is that the
regulators often go from some agency directly to the company they are
trying to regulate .. .
If Chinese really want to blow the market up, can Chinese just use multi
10000+++ accounts to buy one contract of each one month gold and sliver.
and ask for delivery. If JPM can not afford to honor even a single
contract, isnt it over?
Hi Diane, Are you off your meds again? The Actor who plays the role of
Andrew Maguire is a Slimey Limey Crown Agent. His role is to fool the
feeble minded and Pee-one’s. You’ll find out….
some people get up to two hours notice in advance of market moves .. some
get only 5 min .. depends on how much money you pay to get the advanced
info on the market.
joe, are you aware there's this guy on youtube that has it in for you...I
forget his username but he's sending all your subs video how horrible you
are. Just FYI.
Welcome to USSA, you folks have no idea what's coming. I have USSR in my
résumé and this time it will be nothing like that not even close. Hope you
ready.
Its all horseshit . Andrew mcguire is a fictional character. Why try to run
him over when you could just shoot him. Lol they Will make you believe
anything.
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Wonderful....where's the rest??!! Don't hold out on us...
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