This page has been archived and commenting is disabled.
The Farce Is Complete: Blythe Masters Joining CFTC
We thought today's newsflow and "market action" ranked pretty high on the absurd surrealism scale. And then we saw this.
- BLYTHE MASTERS TO JOIN CFTC GLOBAL MARKETS COMMITTEE
- JPMORGAN’S BLYTHE MASTERS TO JOIN CFTC ADVISORY COMMITTEE
- CFTC SPOKESMAN COMMENTS ON BLYTHE MASTERS JOINING COMMITTEE
That's right - you read it correct: "Blythe Masters, head of JPMorgan Chase & Co.’s commodities division, is joining an advisory committee of the U.S. Commodity Futures Trading Commission, said Steve Adamske, a spokesman for the regulator. Masters, 44, was invited by acting Chairman Mark Wetjen to sit on a global markets committee at the Washington-based regulator of futures and swaps, according to a person with knowledge of the matter. Masters is scheduled to participate in a CFTC meeting on Feb. 12 to discuss cross-border guidance on rules, the person said."
Ok - ignore, if you will, all alegations about Blythe Masters "interventions" in the precious metals markets.
But don't ignore Blythe's CNBC interview in which the soon to be former JPMorganite said, days before the London Whale fiasco was exposed and so were JPM's attempts to corner the bond market, that JPM has "offsetting positions. We have no stake in whether prices rise or decline. Rather we're running a flat or relatively flat matched book" - a statement that was a bold faced lie, and was followed up with "what is commonly out there is that JPMorgan is manipulating the metals market. It's not part of our business model. it would be wrong and we don't do it."
No, Blythe had much greater manipulative ambitions, namely becoming the next Enron, which we learned after than the FERC fined JPMorgan - and the group ran by Blythe Masters - for manipulating electricity prices in California and other states.
Fast forward to today when we learn that this certified commodity market manipulator just got a job with none other than the head commodity regulators in the US?
In other words, you too can get a job at the CFTC if only you can answer yes to the following two questions (h/t Manal):
- Has your bank manipulated energy markets under your watch, and
- Have you been found guilty of commodity price manipulation
We could ask what Elizabeth Warren would think about this hilarious rotating door out of the most punished for its legal transgressions bank - with about $25 billion in legal fees, expenses and settlement charges - the same Warren who earlier today was parading with pandering populism at the Senate hearing, as a result of which nothing would change...
... but we won't. Because as we noted: nothing will ever change. Actually correction - now it will be Blythe Masters on top of the one regulators that is supposed to enforce a fair, honest and efficient commodities market.
It's almost as if they are explicitly telling the handful of people who still care about this entire charade a resounding "fuck you."
»
- 62648 reads
- Printer-friendly version
- Send to friend
- advertisements -
I wish I could bump your post to the top of the list.
why leave jpm in the first place - nothing left to manipulate there?
She's not leaving, she's merely moving from one department to another.
FMJ on you Blythe 'Blowjob' Masters.
John Belushi, et al, said it best:
http://www.youtube.com/watch?v=WSB7QpldGTQ
(while hopping up and down) WHAT THE FUCK?! WHAT THE FUCK!? WHAT THE FUCK!?
You've got to hand it to this admin when they said the whole bit about "transparency".
This takes the fucking cake
OK, u'r right...takes the fucking cake. "Whit's End" is approaching!
Wow, I just listened to the video of Warren. She's 100% correct (and I don't even know what party she belongs to). Enhance the penalties. Put these cocksuckers in jail for a year or two (life would be better). Things will change overnight.
Maybe Dimon and Masters could write a best selling book about being ass-raped while they are there. Definately a plus for civilisation, and think about what it would do for the prosperity of the middle and lower class.
WTF. Obama President, Yellen FED Chairman, Mary Jo White Head of SEC and now Big Foot herself, Blythe Masters CTFC. All the girls in line to take the rap. Lol.
Something fuckin' big comes this way.
@jmcadg Don't forget Michael Taylor at FDA who came over from a profitable career poisoning vast amounts of food at Monsanto.
Someone needs to call up the CFTC and tell them to dump her or off the bitch.
But...but... how else can we restore integrity & accountability without such a valued member?
But...but... how else can we restore integrity & accountability without such a valued member?
Ann Barnhardt must be really really pissed at that. Maybe now is her time to start a grass roots campaign against the Fed and Fed conspirators.
People vs. The Fed = People vs. The King
Revolution will have the Fed and all its members destroyed in the blink of an eye. Who cares about Vichy DC? They're just puppets. The real meat is the Fed. That's the enemy. Once the Fed is gone and dissolved, the rest will cower and fall in line just to save their worthess skins. The Fed trumps any branch of government and has the power and control. With the Fed gone, the debts are nil and void. The banks are broke and Fed money worthless. New money comes into circulation based on real assets and proper accounting.
It's coming. The Fed days are numbered as much as the debt they created cannot be serviced.
First we take the Fed, then we take the IMF and lastly the World Bank. It will be the end of an era and the beginning of a new age.
and then we'll grow Unicorn trees visisted by Rainbow butterflies!
Or... the slave-masters will stomp on your revolution with nerve gas & depleted uranium rounds and say that Iran did it and declare if you're against the government narrative you're one of the terrorists.
Gotta dream big. Nothing would have ever changed if nobody ever dreamed it to happen.
FUCK YOU, BLYTHE MASTERS!!!
F*** ME, BLYTHE MASTERS!!!
okay...so 234 comments so far including mine above and I've counted the word "Fuck" 41 times so far.
Not sure what the record is for a thread on here, but Blythe definitely has a way of bringing out the best in us, ay??? LOL
So I'll just say it again then: FUCK YOU, BLYTHE MASTERS!!!
There...now that's 43 "fucks" attributed so far to that evil fucking bitch....oops...make that 44, wait, 45...damn this bitch is evil!!!
I vote no on this.
EXCELLENT, CITIZEN!
Your voluntary registration to represent your district in the Hunger Games has been accepted.
This is just a "punch and judy" show.
All sides in this presentation are rotten to the fucking core.
Fuck you Elizabeth Warren - condescending cunt!!!!!
Pocacuntus. She was a cheat from the get go.
LOLA the COMFORT Pooch Goes Missing
If fuck can be used by the ELITE,... maybe we can use this word too? What you think ZH? OK?
*
Afghanistan Taliban Fighters Say They Captured a U.S. Military DogCoalition forces are investigating the claim
http://world.time.com/2014/02/06/taliban-u-s-military-dog/
I like this story better, and its about 'fuck' as well, the TABLEBAN have kidnapped 'LOLA', a COMFORT DOG used by USA troops seems that the TALEBAN mistook LOLA for a CAMEL or SHEEP.
Backdoor Barry personally to be Sent to AFGHA to get LOLA
Yet another case of the government investigating itself (and finding nothing wrong).
The leprous corrupt flesh of the government of the United States of America oozing into full view like a fetid Jabba the Hut.
You see it for what it is people. Makes you proud to be American?
This just in, Steven A Cohen to join the SEC division of Insider Trading Enforcement.
What's next? Posthumus Nobel Peace Prize for Adolph Hitler?....
LOL
LOL. god only knows; I was really blown away by this one.
This is a sign of weakness. JPM needs boots on the ground when the SHTF. Keep your friends close and your enemies in your pocket.
So how soon can we get JON CORZINE into the US Treasury?
Chairman of the SEC?
oh, I know, MANAGING THE OBAMACARE budget!!
Why, isn't Jack "the zion" Lew bad enough for you?
You're right, we need Michael Bloomberg to head Homeland Security & Eric Holder should become Director of the FBI.
NOW we got it covered.
We have reached to end of game. The pot is now boiling over. Hunker down, sharpen your knives, and wait for the revoultion. The end is near.
That's what you say now but when Robert Mugabe becomes a naturalized citizen of the USA & has a new born son who is "elected" to become President, what will you say then?
This is bizarro world: go on, tell me that can't happen.
WOW.
Jim Comiskey would be proud: you just CAN'T MAKE THIS SHIT UP.
Good thing they found no manipulation in the silver market - by Blythe Masters - before hiring Blythe Masters.
so... silver to $1? 1 fwazeeelion ounces sold short next month?
I don't think so; I think it's time for JPM to make money on the LONG side of silver; which is of no interest to the dollar masters. But, they need some inside cover, because it's not all going to be sanitary. 2014 could be the begining of a major ramp up for silver.
Well y'all know who your masters are now.
Everytime I see this kind of corruption I think of Nikolai & Elena.
To all those zh'ers, whom over the years, have stated "burn it down", you were right...
She needs that fixed gig. blowing Jamie was below the belt.
What if she's sore at Jamie for the promotion she didn't get? Will it be payback time?
Now: regulatory capture that takes no prisoners!
This is beyond fucked up. I'm truly taken back by this. Double down on the stacking department.
While you're stacking remember Silver can easily double from here; Gold; not so easy.
Just think of the liquidity she brings to the position
Double post removed
Blythe by her appointment is showing liquidity. She is pissing on the system as the system no longer works.
The witch is now- part of the coven.
The brew is be-ing stirred for the final blow off
Waiting for all the members of this coven ( CFTC) to be sent to the electric chair for the death and destruction caused in the world.
Kinda on topic, has anyone seen the film "Assault on Wall Street"?
Talk about predictive programming.
No way! Say it isn't so. How low have we gone?
This was reported by the Onion? It's not the Onion? update: Fuck You Blythe Masters.
I’m guessing this means the end of the commodities division at JPM. I’d love to say good riddance, but, I know it will end up somewhere else. Please tell me Corzine won’t be involved when it does.
Hehe... they just made Alcapone head of the IRS, Columbian drug cartels head of the DEA, Japanese PM Mayor of Nanking, and placed B Masters with the CFTC
I don't think there is any better defining sign of terminal corruption than the smell of the necrosis of a rotting body. The body is corrupted, rotting, dying....so you add Masters to the wound, just to speed it along.
The US is telling the world that corruption is its one and only business model.
Physical Gold because nothing will change.
Just say NO to WS Banksters and YES to the Protest Anti WS currency, GOLD
Whatever miniscule shred of credibility that the CFTC had left, just went down the shitter with a hard flush.
Way to call it, Royal!
http://howtotiestuff.com/blog/tie-noose/
nuff said
Taking a government post is a good way for all these bankers to unload all their accumulated stock and options tax free. It's sickening to think about.
Total fucking bitch whom the gods will destroy. After the forty year party.
So true, then they use their new position in gov't to help their "former" employers in any way they can. The post earlier today about the Mafia state of mind is bang on here. What's amazing is just how obvious they're being about it these days. I guess after Hank was able to extort the $700B TARP out of the taxpayers so smoothly they can be brazen about it. No one can stop them.
bullish.
3/10 would not bang.
You can see why Republicans wanted Mark Wetjen as the first CFTC Commissioner instead of E Warren.
Well played
Don't touch our children.
Don't worry there is a team of public relations experts working, right now, on making you like this, or forget it.
Ok....here is the link where we can all file a "complaint" with the CFTC about fraud and minipulation in the market. I think this report qualifies.
https://forms.cftc.gov/fp/complaintform.aspx
Thanks for the link. Just sent in my complaint...and expect to be audited in 3...2...1...
This was an absolutely necessary Next Step. Think about it. Reports are piling in on speculation regarding the CME's inability to deliver physical, staggering Asian demand etcetera.... in other words... the very very real possibility of a complete disconnect between the physical market and the paper market looms as en ever greater threat to the swindle every passing day. At some point in time the CME and other exchanges would be forced to tweak the numbers to align the paper market with physical demand. With the Bitch on board, this moment has been delayed.
I just see it as further proof that the price manipulation theories have proven true and accurate, and that price manipulation will continue into the foreseeable future, no matter what the circumstances.
So... the great "reset" is never coming. Instead, we are going to watch the slow, widening increase between the price spread in physical and paper, and the MSM and big banks are going to swear up and down and sideways everything is fine until the dreary bitter end.
This is precisely why anyone still interested in this trade is advised to go physical as soon as practicable and be prepared to wait and ride it out.
Bitch or no Bitch, end result is the same. Gold $5~10K, Silver north of $150.
LN (SILVER) = gold x 3/2635 + 19/12 usually...
so....
gold to 10k? silver = 428,708.54 - that's the math, just so you know.
http://flic.kr/p/f17z1s
Anagrams for Blythe Masters:
Thy ass trembles
Belts my haters
Shy breast melt
I blow Jamie
Very clever, Brig Boy. You'd have a future if any of us had one.
Too bad.
New zh contest:
You Think THIS is Bad...!
ex. You think This is bad...I heard they're making Jeff Skilling head of Dept. of Energy.
...Jabba the Hut - FDA
...Barry Soetoro - President of the Free World
...Hilary - Leading candidate 2016
thank your lucky stars it's all in good fun or we'd be screwed
You timely statement is late. We already are being screwed!
Ya, but you haven't yet seen how long the train is.
All aboard! Hopen zee like der scheissen, comrade, it's a long train ride.
http://www.maxkeiser.com/2010/12/pierre-jovanovics-new-book-on-jpms-blyt...
I'd do her.
With that ravenous bitch? You must be pretty hard up!
Silver Manipulation Part II with special guest Blythe Masters:
http://www.youtube.com/watch?v=Voo_wyqsfyQ
And she can appointe a commission to help oversee. Let me guess? Jon Cortizone, Tiny Tim, Skank Paulson, and all the rest of the crony club...Fuck you Blythe , You are nothing but a disgrace to humanity!
WoW! Amazing turn of events. How crystal clear it is. The regulators are the operators. We've moving into high gear. It couldn't be funnier if wasn't so tragic (and so transparently bullshit)
Well if you gotta be fucked at least she is fairly hot.
Her fangs are located below the belt...be careful what you wish for.
This is a hyperbolic impossibility and yet it happens. Beyond belief. A red flag event.
Is it reall really April 1st of is JP Morgan giving me a bj?
The first question Blythe Masters should answer is NOT IF they manipulated the price of a commodity, but COULD they manipulate a price of a commodity.
wow this is crazy, i am still shocked
Oh ya, me too. See: my surprised face.
>It's almost as if they are explicitly telling the handful of people who still care about this entire charade a resounding "fuck you."<
Bing-bing-bing!!!! On the nose!
WHO BETTER TO REGULATE CDOs AND CDOs-SQUARED AND CDOs-CUBED THAT SHE CREATED???
GREAT CHOICE OBVIOUSLY...
Blythe hid her tentacles well in that picture...
Al Capone would be proud! They really need a better publicist. Maybe they can hire Marlon Brando to give her a good intro, reprising his role as the Godfather, to tell us how this is such a good offer that we can't refuse.
She's perfect for the advisory position on the CFTC...
"Masters says U.S. carbon markets should be transparent and regulated by the Commodity Futures Trading Commission..."
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXRBOxU5KT5M
"Reporting directly to Masters, Dunleavy and his team showed how “asset optimization strateg[ies]” managed to turn out tens of millions of dollars in profits from units that lost millions at market rates.
Said strategies were devised specifically to obtain above-market payments through bids that falsely appear economic to automated systems, sending low priced bids for wholesale energy and triggering compensation systems that resulted in higher electricity prices for rate payers and nice profits for JPMorgan. Many of the plants were operated by the California Independent System Operator Corporation (CAISO), the same types of units being manipulated by Enron in the early 2000s.
FERC declined to comment on how Masters, who was said to have made “false and misleading statements under oath” by the New York Times, escaped personal penalties. While JPMorgan wasn’t immediately available for comment, documents reportedly suggested Masters, who helped develop many of the exotic derivatives and instruments used ahead of the financial crisis, “falsely testified that she did not understand how the scheme made money, beyond a generic understanding that it was designed to maximize all sources of revenue.” Etc etc etc...
http://www.forbes.com/sites/afontevecchia/2013/07/30/jpmorgan-top-exec-b...
let the fox guard the hen house. Now that is what I call oversight. She's there to destroy the incriminating evidence stashed within the CFTC. CFTC has been put on IGNORE since the Bart event anyway.
Maybe another fire will break out in the CFTC offices like the one in Argentina. I urge existing CFTC employee's to blow the whistle before they burn you down and count you as collateral damage. LOL
hen-house?
There's waiters bringing in platters of gourmet chicken-nuggets with caviar, we've gone far, far past vulnerable hens cowering in fear at their new guardians.
When you look at it as one more tile in the whole cartoonish mosaic, Blythe's gig makes perfect sense: Bernanke gets Man Of The Year, Obomba gets a Nobel Peace Prize, EU gets a Nobel Peace Prize, the average Joe gets cornholed...
She passed the gynecological test, they were actually looking for a candidate who would also pass the pigmentation test but were not successful!
This is the one who was single handedly responsible for the 2008 crash because she was one of the driving forces behind credit default swaps. How many ***** did she have to suck to get where she is now and get out of trouble?
I hold onto a blind, unicorn induced hope that she made this move to squirm away from being tagged as the bagholder in JPM's commodity mess....and can now go on the offensive AGAINST JPM.
I guess if she commits suicide in the next few weeks that will prove correct - because any other scenario is simply too deflating and depressing.
WTF.but is this the most blatantly, openly corript as the new normal gummint in history of the USSA. Thanks again to the arrogant, Narcissistic, pathologic lying, illegal alien muslim fudge packer and its appointed and elected fellow corrupt, lying minions.i
Keep your friends close, and your enemies even closer.
JAIME: Sorry Blythe, someone's head has to roll or those fools with the pitchforks will kill us all. We're going to have to use you as the scapegoat.
BLYTHE: If you do that Jaime, I will BTFD and spray my scent all over the ashes to mark it mine. I will absolutely go Oliver North on all your asses.
JAIME: Whoa whoa whoa....how about a transfer over to CFTC instead?
BLYTHE: Done. Nice doing business with you, James.
Hey Blythe, wonder if you have any integrity, along the lines of say, Thomas a Becket? Thought not.
I knew I felt a great disturbence in the "Farce"...as if millions of gold and silver contracts suddenly cried out in terror and were suddenly silenced...
https://www.youtube.com/watch?v=EZG0fBMT7Tc
Blythe Masters
What's in a name?
Blythe.... Blithe - showing
a casual and cheerful indifference considered to be callous or improper.
Masters: Expert In
Blythe Masters: Expert In callous indifference et al.
You can't hire somebody for the job that is going to expose the fraud and corruption, you have to give the job to the person who won't do that.
"It's a big fuckin' club...
and YOU ain't in it!"
- George Carlin
Wall street is in total communication, command, of control of the U.S. government. The government of the street, by the street, and for the street.
This makes perfect sense to me ... who better to advise a regulatory agency on how to prevent market manipulation than the person most responsible for doing it right under the nose of those same regulators?
Appears Blythe also took a lead postion with Bitcoin Exchange Mt.Gox (possible sarc...)
OH NO FOR BITCOIN!! Fonestar where are you??
http://btcjournal.com/content/history-being-made-bitcoins-first-bankrung...
Let's face it...American Exceptionalism faded years ago, the dollar is heading to the exits as a reserve currency, cryptocurrencies will start to take off and to compete in a world where everyone else cheats, we need to have these kind of people in charge. No other way to perpetuate the American centur(ies).
Is Blythe a tranny ? Just asking.
She,it,whatever has just always looked manlike to me.
Perhaps reptilian
Elizabeth Warren is taking a page out of Barry's playbook, fan the flames by sounding populist, then show your true neo-con/neo-lib colors once in office. Remember, 'tough talkin' Warren was an advisor for the TARP bailout. She's just as much a part of the problem as this Blythe bitch.
Blythe Masters is a very pretty woman, highly intelligent, and very accomplished in managing money.
Ya, if only she looked as hot as Yellen or Diane Feinstein, right?
Change of plan...
'JPMorgan’s Masters Said to Quit CFTC Panel After One Day'
http://www.bloomberg.com/news/2014-02-07/jpmorgan-s-masters-said-to-with...
Good riddance...
9 pages of comments, outstanding reponse level. however I'm failrly certain 100x more citizens know who justin bieder and miley cirus are than blythe masters.
And therin lies the crux of the problem. bread and circuses folks.