JPMorgan Accused Of RINs Manipulation (With Help of Bone-headed Gov't Regulation)

``The market in ethanol credits is exactly the kind Wall Street loves: opaque, lightly regulated and potentially very lucrative.In the case of JPMorgan, the industry executives familiar with its activities in the RINs market said they were told by a top banker in its commodities operation about the stockpiling. The executives said the banker maintained that one of JPMorgan's traders had urged the bank to buy up every available credit. The executives spoke on the condition of anonymity for fear of harming business relationships.''