Relevant:
- Blythe Masters to Advise CFTC Despite Record of Manipulation
- JPM's Blythe Masters Under Investigation By Federal Prosecutors
- Is This the End for JPMorgan's Blythe Masters?
- JP Morgan Increases Registered Silver Inventories 500% OVERNIGHT
- Silver Dominatrix Blythe Masters Gets Regulatory Affairs Job at JPM
2012-04-11 — goldseek.com
This is EXTREMELY INDICTING. The head of J.P. Morgue's derivatives nightmare is telling the world that their business is "customer driven" and on the other hand -- the OCC -- whom J.P. Morgue reports to - is telling us there are NO CUSTOMERS [or none that want to be identified] for these hundreds of TRILLIONS of derivatives products?
The reality is that Blythe Masters is telling a partial truth -- in that J.P. Morgue's trading is customer driven; and partially misdirection in that Masters refuses to acknowledge that J.P. Morgue's client "IS" THE Treasury [specifically, the Exchange Stabilization Fund, or, ESF] of the United States of America.
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