J.P. Morgan to be fined $1B per Bloomberg!

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J.P. Morgan to be fined $1B per Bloomberg!

Postby Recyclersteve » Thu Sep 24, 2020 3:28 am

This has the potential to be a really big story...

J.P. Morgan is going to be fined $1 BILLION for spoofing (not spooking, but spoofing) the metals markets per Bloomberg, which said they had three sources. In a recent matter Merrill Lynch (owned by Bank of America for over a decade) was fined $25 million, a mere pittance compared to JPM.

This is basically another way of saying market manipulation.

If someone could post a link, that would be great- I’m on an iPhone and nowhere near my home PC at this time.
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Re: J.P. Morgan to be fined $1B per Bloomberg!

Postby Lemon Thrower » Thu Sep 24, 2020 7:12 am

Yeah, I saw that too. Ted Butler and GATA are vindicated.

A lot of good it will do any of us though.
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Re: J.P. Morgan to be fined $1B per Bloomberg!

Postby Cu Penny Hoarder » Thu Sep 24, 2020 4:15 pm

No one prosecuted and no one goes to jail. :x

Jamie Dimon and bankster pals should've been put behind bars 10 years ago.

A $1 billion dollar fine for JPM is just the cost of doing business.

Meanwhile, their profits from manipulating PMs are $100-200 billion. Pretty good trade off. :?
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