Blythe Masters Withdraws From CFTC : Furious Twitter Backlash Blamed

Tyler Durden's picture




 

Following our post yesterday which included the occasional F-bomb and got well over 40K reads since its posting late last night, the reaction was sharp and severe. So severe in fact that less than 24 hours later, Blythe Master has withdrawn from the CFTC. The culprit for Masters' resignation in just 24 hours? A very angry Twitter.

From Bloomberg

Blythe Masters, JPMorgan Chase & Co.’s commodities head, withdrew from an advisory committee of the U.S. Commodity Futures Trading Commission a day after her appointment was disclosed,  according to two people with direct knowledge of the decision.

 

The regulator may include another executive from New York-based JPMorgan on the committee, said one person close to the bank who requested anonymity because the move hasn’t been publicly announced. Masters, 44, withdrew because the company’s sale of its physical commodities unit will keep her occupied, the person said.

 

JPMorgan is selling a division that deals in assets such as metals and oil, as government watchdogs examine whether federally backed lenders should be involved in such markets. Masters’s appointment drew criticism from Twitter users who questioned the propriety of her advising the regulator of futures and swaps.

 

Masters, whose appointment was listed on the CFTC’s website yesterday, had been scheduled to participate in a Feb. 12 meeting to discuss cross-border guidance on rules. She was invited to the panel by acting Chairman Mark Wetjen, said one of the people.

 

Brian Marchiony, a JPMorgan spokesman, said the company had no comment.

Perhaps there is some justice in the world.

We do, however, have one question for Ms. Masters even though we understand she will be "very occupied due to the sale of JPM's physical commodities unit": does this premature resignation confirm that the allegations against the JPMorganite, who had so far been wrapped up in "neither admissions nor denials", are in fact true and accurate? 

And while we have her attention, can Ms. Masters also please advise what other markets she was manipulating?

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Fri, 02/07/2014 - 12:14 | 4411831 ebworthen
ebworthen's picture

Maybe Twitter is worth something after all; other than as a stock.

Fri, 02/07/2014 - 12:17 | 4411846 Herd Redirectio...
Herd Redirection Committee's picture

Well, score one for the 'little people'...  These crooks like to be pretty blatant with their frauds, and this was just the latest example.

Fri, 02/07/2014 - 12:22 | 4411856 Pladizow
Pladizow's picture

Witchez be Trippin'!

Fri, 02/07/2014 - 12:25 | 4411890 Xibalba
Xibalba's picture

BWAHAHAHAH! 

Fri, 02/07/2014 - 12:28 | 4411905 BaBaBouy
BaBaBouy's picture

WANTED!!! Another FIAT Mafiosii & GOLD Hater For The Post...

Fri, 02/07/2014 - 12:29 | 4411922 InjectTheVenom
InjectTheVenom's picture

BOOM !   SUCK IT BLYTHE !!

Fri, 02/07/2014 - 12:32 | 4411928 Tall Tom
Tall Tom's picture

Why not just #AskJPM?

Fri, 02/07/2014 - 12:38 | 4411943 Looney
Looney's picture

Blythe's withdrawal is one thing, BUT... the question with an occasional "F-Bomb" was and still is, "Who the fuck got her nominated for the CFTC position in the first place?"

Looney

Fri, 02/07/2014 - 12:41 | 4411960 Son of Loki
Son of Loki's picture

She can always go onstage and Twerk with Miley, right?

Fri, 02/07/2014 - 12:50 | 4411992 spastic_colon
spastic_colon's picture

twitter unexplained bankruptcy and delisting in 3....2....1

Fri, 02/07/2014 - 12:58 | 4412048 john39
john39's picture

more likely to see new rules on twitter against "hate speech"...  defined as TPTB deem appropriate, including, but not limited to...  any statement that implies anything other than bankers do God's work are per se hate speech.

Fri, 02/07/2014 - 13:02 | 4412079 walküre
walküre's picture

#FucktheEU

Official US.gov policy. Can't get worse that, can it?

Fri, 02/07/2014 - 13:13 | 4412126 TruthInSunshine
TruthInSunshine's picture

There's a Whisper Rumor that Blythe is getting her own A&E reality TV show similar to "Storage Wars."

Fri, 02/07/2014 - 13:14 | 4412157 walküre
walküre's picture

I liked your previous thoughts on the origin of her name much better. The old adage is true. What's in a name? Blythe? Shudders. How much hatred did they have for the bastard?

Fri, 02/07/2014 - 13:50 | 4412320 SWRichmond
Fri, 02/07/2014 - 14:01 | 4412374 WarriorClass
WarriorClass's picture

The depravity and hypocrisy of the Parasite Class knows no bounds

http://americandictators.blogspot.com/2014/02/mike-vanderboegh-exposes-m...

Fri, 02/07/2014 - 14:11 | 4412426 Indian_Goldsmith
Indian_Goldsmith's picture

You bastards! For once we could've had a rare gorgeous face at the CFTC. So what if she manipulated the precious metals market of the world? You think if she is not at cftc, the manipulation would stop?

Come on! The more they manipulate the gold price, the more i get to buy it at the cheaper rate!!!!!

We should all sing praises for Blythe!!! She allows us to accumulate physical gold at such ridiculously low prices!!!

.

.

.

Wait, something doesnt seem right in my argument...i wonder what

Fri, 02/07/2014 - 14:24 | 4412492 strannick
strannick's picture

 

 

 

Gorgeous? Bart Chilton was prettier than her, and such full bodied golden locks!

Fri, 02/07/2014 - 14:28 | 4412518 NoDebt
NoDebt's picture

Her appointment was just the stalking horse to take attention off of the next person they put up who WILL join the committee.

Fri, 02/07/2014 - 15:44 | 4412844 Joe Davola
Joe Davola's picture

Another poster that remembers Zoe Baird and Kimba Wood.

Fri, 02/07/2014 - 16:08 | 4412905 BLOTTO
BLOTTO's picture

Hey, i'm sure the 400+ ZeroHed comments would show up as a tiny slice on the pie graph labelled - 'Reasons why Blythe Master withdraws from CFTC'...

Fri, 02/07/2014 - 16:45 | 4413042 AldousHuxley
AldousHuxley's picture

The Guandian refers to her as "the woman who invented financial weapons of mass destruction"

 

 

Fri, 02/07/2014 - 17:10 | 4413112 MagicHandPuppet
MagicHandPuppet's picture

"If you like your corruption and manipulations, you can keep your corruption and manipulations."

Oh, wait....

Sat, 02/08/2014 - 00:19 | 4414425 mjcOH1
mjcOH1's picture

"Gorgeous? Bart Chilton was prettier than her, and such full bodied golden locks!"

I vote for 'smoking hot'. And apparently shameless. What more do you want?

Sat, 02/08/2014 - 07:44 | 4414686 GetZeeGold
GetZeeGold's picture

 

 

 

 

Mirror mirror on the wall who is the fairest of them all?

 

 

That would be Bart Chilton.....sorry Blythe.

Fri, 02/07/2014 - 13:14 | 4412158 BoNeSxxx
BoNeSxxx's picture

+1 just because she will probably read that...

 

Fri, 02/07/2014 - 13:22 | 4412187 TruthInSunshine
TruthInSunshine's picture

Because you know that I do care about my friends:

With a name like Blythe, you just know her parents were the completely anal-retentive, uppity east coast elite-effete types, who harbored deep & twisted hatred towards each other, and engaged in all manner of moral & sexual depravity-bordering-on-brutality.

Fri, 02/07/2014 - 13:34 | 4412253 BoNeSxxx
BoNeSxxx's picture

You rock TIS.

This one was even better :-)

Fri, 02/07/2014 - 13:34 | 4412256 Frank -THE COIN -
Frank -THE COIN -'s picture

She might be from London Truth.

Fri, 02/07/2014 - 15:01 | 4412525 TruthInSunshine
TruthInSunshine's picture

London, East Coast of U.S... I've been to both places many times and each northeast coast city is full of the same exact kind of sycophants that London is.

The North East Coast of the U.S. is like a separate country than the entirety of the rest of the U.S.

People that travel or live there can vouch for this.

Sat, 02/08/2014 - 01:37 | 4414533 willwork4food
willwork4food's picture

Yup

Fri, 02/07/2014 - 13:36 | 4412266 Odin
Odin's picture

The Dark Queen hath receded! Glory unto us all!

Fri, 02/07/2014 - 13:43 | 4412297 666
666's picture

"Perhaps there is some justice in the world."

Not really, because if there was, she and the others would have been tarred and feathered prior to being drawn and quartered.

Fri, 02/07/2014 - 14:18 | 4412377 Ignatius
Ignatius's picture

The 9/11 Commission had to dump Kissinger and we got Kean/Zelikow instead.  Was that an improvement?

Watch the other hand.

Fri, 02/07/2014 - 14:03 | 4412387 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I'll take Blythe Masters & Johnson for $500

Fri, 02/07/2014 - 14:14 | 4412453 post turtle saver
post turtle saver's picture

... or as I like to call it, 'Tuesday'

Fri, 02/07/2014 - 14:40 | 4412471 New World Chaos
New World Chaos's picture

At some point she might also read troll comments on her pompous blog:

http://blythemasters.blogspot.com/

She used to get rid of trolls.  Hope she spent the time to do it herself.   But she apparently abandoned her blog over a year ago.  Her last post has attracted 30 trolls, including William Banzai.

The blog links to her other sites too- Twitter, Facebook, LinkedIn, a Wordpress blog, etc.  All abandoned.  Her other sites aren't even infested by trolls.  Strange.

Fri, 02/07/2014 - 23:39 | 4414346 fockewulf190
fockewulf190's picture

I have a feeling she showed up as a huge return on the dems election radar, and she was promptly disinvited.  Seriously, Blythe never gave a crap about howthe public felt about her and/or what she was doing; she´s been getting dissed for years already.  The Democrats however, are in survival mode, and they sure as shit don´t want more problems. 

Fri, 02/07/2014 - 14:12 | 4412445 silverserfer
silverserfer's picture

truth, how about "hoarders buried alive". a 10 ton pallet of gold dropped on that wretched witch from the east would do just fine

Sat, 02/08/2014 - 01:30 | 4414526 Flagit
Flagit's picture

There's a Whisper Rumor that Blythe is getting her own A&E reality TV show similar to "Storage Wars."

 

im waiting for the pilot to her new animal planet tv show.

Raped by a Bear-Market. (its a grizley in a Dow T-shirt.)

Fri, 02/07/2014 - 13:20 | 4412179 booboo
booboo's picture

No "twate speech" allowed

Fri, 02/07/2014 - 16:36 | 4413020 Pairadimes
Pairadimes's picture

Masters Debated: Twitterers Tweets Twubble the Twat.

Fri, 02/07/2014 - 12:59 | 4412052 SafelyGraze
SafelyGraze's picture

JPMorgan Chase & Co. announced it would try to sell or spin off its physical commodity trading assets and operations, dismantling an empire built over five years by commodities chief Blythe Masters, 44, ex-wife of Danny Masters.

The announcement came almost 15 years to the day after the bank said it would end its first big foray into raw materials, led then by Danny when the couple was still married.

July 29 Mon 2013

2013http://www.reuters.com/article/2013/07/29/jpmorgan-commodities-history-i...

 

Fri, 02/07/2014 - 13:11 | 4412119 Never One Roach
Never One Roach's picture

Born in Oxford, Masters was raised in the south-east of England.[2] She attended The King's School in Canterbury on scholarship.[3] She graduated in 1991 from Trinity College, Cambridge with a B.A. in economics, and joined the bank J.P. Morgan after completing a number of internships there while still a student.[4]

When derivatives played a role in the 2008 financial crisis, Masters was described by the UK newspaper The Guardian as "the woman who invented financial weapons of mass destruction".

She has rejected this as simplistic, telling the newspaper: "I do believe CDSs [credit default swaps] have been miscast, much as poor workmen tend to blame their tools."

 

http://en.wikipedia.org/wiki/Blythe_Masters

Fri, 02/07/2014 - 13:52 | 4412337 ReactionToClose...
ReactionToClosedMinds's picture

wow ..... what a nice touch! > ........... " ....much as poor workmen tend to blame their tools."

truth ....always stranger than fiction ....... this is no fictional 'composite' person (as seems the modern trend) but a real live individual.

Query: what would Blythe Masters know about 'poor workmen' &/or their 'tools' and whether they blame them or not ?

Blythe .... 'let them eat cake' is a little more tangy

Fri, 02/07/2014 - 13:56 | 4412350 Bastiat
Bastiat's picture

Derivatives don't kill financial systems . . . the sociopathic banksters who write them and buy them do.

Fri, 02/07/2014 - 14:10 | 4412418 comob
comob's picture

delete unintentional double post... sorry!

Fri, 02/07/2014 - 14:07 | 4412419 comob
comob's picture

"poor workmen blaming their tools..."

For some reason I don't think insatiable Ms. Termagant was talking about a handheld device that aids in accomplishing a task...

but maybe she was.

Fri, 02/07/2014 - 14:31 | 4412527 Urban Redneck
Urban Redneck's picture

Sourcing the Guardian for insight into high finance and the evolution of derivatives- WTF???

(Wikipedia link- that explains a lot)

Do NOT follow this link or you will be banned from the site!