Loading ...Some QUESTIONS:
- Where are the Class Action Lawsuit attorneys? Why aren’t they all over this?
- Where do the Billions paid in fines go?
- Will the victims ever receive compensation?
A PREDICTION:
- Nothing will happen
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Bombshell: DOJ Says JPM Execs Manipulated Gold
Bombshell: The Key Word is “Executives”
Source: Bloomberg
Closing arguments Thursday set the table for years of bank problems. It may be a very serious development. Implications are all laid out clearly in this 9 minute podcast where the DOJ has finally turned its focus on one of the institutions the US has protected for decades. Future implications are very large for bullion banks and executives everywhere. Listen: here.
One Minute Clip summarizing the situation…
Bank Executives Now On The Hook
In the segment we give serious context to the Bloomberg story out late last week on the case. It implies more problems for the bullion banks and their executives down the line. Full 9 minute broadcast here
Points discussed:
- US DOJ Accuses JPM Bank of manipulation now
- Rogue actors not only ones anymore
- Sh*t flows upstream now
- Unethical culture is the problem
- What it means for Executives
- Jamie Dimon, Lloyd Blankfein type of risk
- Underlings rolling over on bosses
- The many problems surrounding JPM metals
- How banks/ funds react to fear
- Comex death, Asian birth
- Something is going on (Transparency bomb?) between comex drawdowns, JPM case, recategorizing Gold derivatives,and Basel 3
- Related: Unlocked JPMorgan And Citi are 90% of The U.S. Gold Derivative Market