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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army
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Poster Handle
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Anonymous Coward |
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Post Content
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Does this mean JPM can't manipulate the price of silver anymore?
Quoting: black calx No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)... Ah thank you Saddletramp I appreciate it. I'm trying to learn as much about economics as I can understand. I just can't see how they can conjure up paper silver out of nothing and drive down the metals market. When will the last deck chair be taken away? And whoever thought up the derivatives instrument should be shot. they are not unwinding. unwinding my a$$. it is just "compliance show"... "hey, I am regulating you" " this is serious business". they sleep together in the nights and play golf in the morning. probably they also go to the same club and perform same rituals together. they are so rich you may want to join them 
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