- advertisements -
Great news on the face of it, but no doubt the verdict will be along the lines of "Everything looks above board. Nothing to see here, move along now. Sorry to have troubled you Mr. Morgan."
I concur. (to wit): "After a 80 month process of grand jury, then discovery, and negotiation attempts, and then finally trial it was determined that there just wasn't enough evidence to make the case against J.P.M."
or putting it another way:
"Who owns the game?" !!!!! /yeah they do/ !!!!!
Historically speaking, when credit bubbles fail, everyone blames everyone else, and things turn very ugly. Why do you think this is happening now? As things gets worse, going after "those responsible" will become a witch hunt, just like always.*
*referring to centuries of European history
honor amongst thieves, but jesus, you're so right
We're talking about the kind of people that will stab in each other in the back to rob them during the best of times. What do you think they'll do to each other during bad times.
You're right. It seems that most of the ruling elite has no respect for humanity.
"Why do you think this is happening now? As things gets worse, going after "those responsible" will become a witch hunt, just like always.*"
"What do you think they'll do to each other during bad times."
Righteous gospel, thesapein....
The Reagan empire is crumbling, that's why. Those people involved, their ties and allegiances, their rules and customs are fraying so it's time to head for the hills.
One glaring reason I say this: The silver market was cornered during it's last mega run up (aka bubble) in 1979-80 by Nelson and Bunker Hunt. They made a fortune before the government busted up their corner. The Reagan Administration was a time of bold, grand scale financial market interventions by government fiat: Plaza Accords in the currency market, Fed intervention in the credit markets, plunge control team and other interventions in the equities market. A final piece of the puzzle was commodities. The combine that routinely cooled the gold and silver markets (maybe the oil market too in the early-mid 80s) is now being exposed and is falling apart. Whistle blowers, declassified documents are surfacing all over. Watch for more people turning evidence in to save themselves.
How I wish it were true, but please remember that Jamie Dimon dined with Prez Obama in the White House this past Monday, prior to Kaufman-Brown amendment going down to defeat by the Bankster Party.
Nope, the bankster/oil cartel owns the US govt, and that's all she wrote.....
This is a dog and pony show. Nothing more. A 'real' take-down of JPM's criminal operations, and the resulting spike in silver prices, would take down JPM completely -- as well as Barclay's and other major bullion banks. These guys are too big to fail, and therefore too big to bring to justice. This is a nothingburger.
I think it's just the beginning of the tribunals to come.
Yeah, it's a dog and pony show . . . but
What's really behind all this is the fact that Obama ain't doing well in the polls and his party is in deep kim-shee as we approach the mid-term elections in November.
So what better way to improve is standing among an public (irate over Wall St. fraud & corruption) than to:
a. Sue the most hated of the bunch (GS)
b. Launch civil and criminal probes against the second most hated (JPM)
Likely Net Result:
a. GS is fined $500 million (they make that amount in profit over a week's worth of fraudulent activity); they pay it, and the public feels better. Meanwhile GS continues with their fraudulent schemes
b. JPM gets its hand slapped, is fined $100 million; they pay it, and the public feels better. Meanwhile, silver soars 50% between now and November, and JPM continues with its dirty tricks, in collusion with HSBC.
... oh, and Obama's ratings in the polls surges, thereby mitigating the extensive political damage he would have had to endure, if his party lost the Congress.
Obama's rating will crumble further if all they do is get fined those chump fines after they have stolen hundreds of billions over the years. Small petty fines and slaps on the wrist are not going to cut it for GS or JPM anymore. Geithner and Bernanke are neck deep in this mess with them too. They need to be next.
WHAT RATINGS?..................before Nov,0 from 0 =ZERO.((;*
He's going down faster than the Titanic.
We could have trials for the next 50yrs, and never get it /them all.
"What's really behind all this is the fact that Obama ain't doing well in the polls and his party is in deep kim-shee as we approach the mid-term elections in November."
BIG FUCKING BINGO!Best analysis of the week, month, year.
Obewon gives us an elegant yet powerful theorem that is so overwhelmingly fact based... it can be elevated to an absolute law of nature...
And this is the same man they may be forced with a delema to veto an audit the fed bill? The white house cam out on thursday and opposed the audit the fed..I wonder why that isnt bigger news than it is..
If BO wants to get his numbers up he is either going to audit the fed or take down COMPLETELY one of these tbtf Banks....
" If BO wants to get his numbers up he is either going to audit the fed or take down COMPLETELY one of these tbtf Banks...."
Or abolish income taxes..
That's more like it, but the VAT will more than make up for it......LOL
Wait till Americans find out their going to get taxed for having a Checking Acct..........and ALL( ALL) financial transactions will be data based.
All jokes aside, there is nothing he can do, to get his ratings up...........and, HE doesn't care, he's almost accomplished his agenda.
Well if it's a dog and pony show, why not dress your pup in one of these great shirts! I know--I've gone mad. GOLD BITCHES with 3 American Eagles in dog apparel at the ZH fundraiser store at Zazzle:
YES there is a typo in the link but not on the shirt!
Why don't you put an ad on ZH? Also how about selling the ZH t-shirts on zazzle.
Call up the GOOG squad and tell 'em. Tell 'em how it is:
That's a funny one. You're a crazy person. :-)
Words cannot describe...LOL.
Exactly! Too big to jail, with a future Goldman Sachs partnership awaiting President Obama, while Hillary and Tiny Timmy count their future fortunes.
If it pans out right, from behind bars.
Now that the damage has been done and the economy is already ruined, but just in time for the elections, now the regulators put down their porn and start to look like they are trying to do something. what really happened
Gray posted the info that this story would be running today on his blog last night. However, the story is slowly working its way into the mainstream press. At the end of the day, once enough people know whats occurring they will want to get some PM's and that will crush the paper games on the CriMEX. It will happen, have patience and ignore the interim gyrations.
It hasn't started yet - I was able to get a tube of AG Eagles on Apmex just now - looked at a couple of other sites - looks like 90% junk is getting scarce - but there's still AG available in several forms from several places.
All of this is only because everything is about to collapse. People are going to want someone to lynch. The fun has been had by Mr. Buffet, JPMC etc. & it is too little too late. In fact this is very much a token gesture.
There are now secure, well-patrolled luxury compounds around the nation (e.g., in Nevada above Lake Tahoe, on a mountain top in Wyoming, etc.) and those are private mililtary companies (PMCs) doing the patrolling.
They believe they will get away with everything.....
First, a big thank you to Jason Hommel. Let's not forget this:
Now, as far as any DOJ investigation, I'm not as skeptical as to the validity of this and the Goldman activity although I am open to the possibility that it's all for show. My gut tells me that the Obama administration knows we are at the end of the line and they need to expose all of the misdeeds of the banksters so they can blame them when the SHTF.
Also, the fact that the banksters are pulling in millions cannot sit well with him given his background and propensity to spread the wealth.
The million or so dollars he received from Goldman is insignificant so anyone who thinks that's going to dissuade him from moving on them or JPM should think again.
Too many things that many of us were aware of or suspected are now being exposed in full public view. If he were in cahoots with JPM and GS, all of this would remain secret and there'd be no reason for the silver market manipulation to be exposed.
This all could very well be for real.
gold and silver bitches unite we are strong!!!
At last until Obama hunts us down like traitors and JPM walks.
OT but the airports in Stuttgart and Munich are closed due to the ash from Eyjafjallajökull
FAZ.net link and the situation above France does not yet recuire closing of airports but there are some disturbances Le Monde link. It seems as if the volcano is Lindsey Lohan drunk and is about to vomit on European sky once again.
And FUCK YES; bring the behemoth down. FUCK YOU JPM.
+100 (for the Lindsay Lohan bit). And I concur completely about JPM. About time, even if nothing comes of it.
How to pronounce Eyjafjallajokull, Iceland's volcano - BBC News, for those who might be interested
Thanks for that - always wondered how they said that - now that I know, I still can't say it. :-(
I just tried it.
Chipped a tooth and hawked a lougie at the cat ... the cat is not impressed.
But thanks for the link.
I have two feeds up, but I have no idea what I am looking at. It appears there is some action.
Awe my friends, the PTB need some scape goats because they know this is all going to come crashing down. Have faith, they will nail them. But it still will not affect the price of silver in the long run. I bet Ol Warren Buffet, and crew is feeling pretty betrayed about right now. Invited to Chicago post election for a round table and then abrubtly turned on and thrown under the bus.
Why is this news now? I knew about this on Wednesday...which is why JP Morgan took out the market on Thursday. Crap, the only reason that this is being investigated is because the abuse became so large that average people on the street knew about it.
You're suggesting that the Thursday take-down was a scare tactic designed to convince the DoJ to drop its case?
All I am saying is that I knew about this on Wednesday. If forced, I will look for the article. Then, according to Zero Hedge, JPM was the heaviest trader on "Down your Throat" Thursday. Coincidence? I do not know, but I have seen conspiracy theories with worst plots. Also, JPM has to do something overt so that the dumb politicians get the picture and comply with the will of the banksters. Just sayin.
Okay, here's the link
Jim Rickards talked about it on Wednesday on Squawk Box in the last 2 minutes of the video.
Link to JP Morgan trying to dump 24 million plus shares
I figure the other banks (machines) got spooked just jumped in for the ride.
Well, I've got to run to keep from hidin', And I'm bound to keep on ridin'. And I've got one more silver dollar, But I'm not gonna let 'em catch me, no, Not gonna let 'em catch the Midnight Rider.
Markopolis' book "No One Would Listen" will put a resolute end to the whitewash effect. JPM is going to get fucked bigtime (finally).
Would the investigation effect their current shorts in the market? I don't think so.Never the less it has symbolic value. There is going to be a reversal of the price discovery process in the near future where the price will be dictated by the physical market rather than vice versa.
This time is different, They have a whistleblower, Andrew Maguire.
We will see what happens.
i think this time is slightly different as well..the whipsaw in prices from wed thru fri of last week looks interesting...especially friday with the huge increase even with market down...typically silver moves (or should i say JPM moves silver) parallel to the market...decoupling perhaps? was JPM pulling the rug of last week for the final time before silver blasts through $20/oz?
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.