Relevant:
- Index That Beached J.P. Morgan's Whale Gets Whackier
- Banks charged with blocking credit default swaps market
- Markit: Worldwide Business Confidence Drops to Post-Crisis Low; Makes Fed "Tapering" Unlikely
- Markit Credit-Swap Services Said to Be Part of Antitrust Probe
- Credit Barometer Flashes a Warning Sign on Banks
2012-05-30 — zerohedge.com
``if what Bloomberg is implying is that Iksil was effectively overriding "real" marks, and using imaginary (or "forced") bids and asks, then that brings into question the validity of CDS marks reported by MarkIt, the same MarkIt partially owned by Goldman and... that's right, JP Morgan (more on MarkIt in a moment).''
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