Interesting that the CFTC could pick up a UBS spoofing fraud, yet could not nab JPMorgan for silver trading violations after investigating them for 5 yrs. For gosh sakes they only accumulated $200 BILL in otc silver derivatives by July 2008 (13 yrs of world silver production). That's the new definition of a producer/hedger....13 yrs of world production....lol. Here's the dozen or so crimes/fines JPM has been nailed with from 2011-2013. And I'm sure that's not all of them. It would be easier to make a short list of what crimes they didn't commit.
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Interesting that the CFTC could pick up a UBS spoofing fraud, yet could not nab JPMorgan for silver trading violations after investigating them for 5 yrs. For gosh sakes they only accumulated $200 BILL in otc silver derivatives by July 2008 (13 yrs of world silver production). That's the new definition of a producer/hedger....13 yrs of world production....lol. Here's the dozen or so crimes/fines JPM has been nailed with from 2011-2013. And I'm sure that's not all of them. It would be easier to make a short list of what crimes they didn't commit.
http://wallstreetonparade.com/2017/09/jamie-dimon-knows-a-fraud-when-he-sees-it-outside-of-his-bank/
Heed the warning. BUY LOW.