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发帖数: 764 | 1 Rampant silver manipulation? Rampant gold manipulation? Rampant LIBOR
manipulation? Hiding MF Global client assets? These are all happening at
JP Morgan according to an open letter reportedly written by an anonymous
employee of the firm. The whistleblower also warns of a "cascading credit
event being triggered" by derivatives related to Greek government debt.
Unlike Greg Smith at Goldman Sachs, this whistleblower has chosen to remain
anonymous for now. According to the letter, the whistleblower is still an
employee of JP Morgan and has not resigned. But that does make it much more
difficult to confirm what he is saying. With Greg Smith, we know exactly
who he is and what he was doing at Goldman. As far as this anonymous
whistleblower is concerned, all we have is this letter. So we must take it
with a grain of salt. However, the information in this letter does agree
with what whistleblowers such as Andrew Maguire have said in the past about
silver manipulation by JP Morgan. And this letter does mention Greg Smith's
resignation from Goldman, so we know that it must have been written in the
past few days. Hopefully this letter will cause authorities to take a much
closer look at the crazy things that are going on over at JP Morgan and the
other big Wall Street banks.
This anonymous letter was addressed to the CFTC, but unfortunately it looks
like the CFTC has already chosen to ignore it.
The original letter from this anonymous whistleblower has already been taken
down from the CFTC website. When you go there now, all you get is this
message..."The Comment Cannot Be Found. Please Return to the Previous Page
and Try Again."
Fortunately, there are many in the alternative media that copied this entire
letter from the CFTC website.
The following is a copy of the original letter that the anonymous
whistleblower from JP Morgan submitted to the CFTC....
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Dear CFTC Staff,
Hello, I am a current JPMorgan Chase employee. This is an open letter to all
commissioners and regulators. I am emailing you today b/c I know of insider
information that will be damning at best for JPMorgan Chase. I have decided
to play the role of whistleblower b/c I no longer have faith and belief
that what we are doing for society is bringing value to people. I am now
under the opinion that we are actually putting hard working Americans
unaware of what lays ahead at extreme market risk. This risk is unnecessary
and will lead to wide-scale market collapse if not handled properly. With
the release of Mr. Smith’s open letter to Goldman, I too would like to set
the record straight for JPM as well. I have seen the disruptive behavior of
superiors and no longer can say that I look up to employees at the ED/MD
level here at JPM. Their smug exuberance and arrogance permeates the air
just as pungently as rotting vegetables. They all know too well of the
backdoor crony connections they share intimately with elected officials and
with other institutions. It is apparent in everything they do, from the
meager attempts to manipulate LIBOR, therefore controlling how almost all
derivatives are priced to the inherit and fraudulent commodities
manipulation. They too may have one day stood for something in the past in
the client-employee relationship. Does anyone in today’s market really care
about the protection of their client? From the ruthless and scandalous
treatment of MF Global client asset funds to the excessive bonuses paid by
companies with burgeoning liabilities. Yes, we at JPMorgan that are in the
know are fearful of a cascading credit event being triggered in Greece as
they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan
own enough of these through counterparty risk and outright prop trading that
our entire IB EDG space could be annihilated within a few short days. The
last ten years has been market by inflexion point after inflexion point with
the most notable coming in 2008 after the acquisition of Bear.
I wish to remain anonymous as of now as fear of termination mounts from what
I am about to reveal. Robert Gottlieb is not my real name; however he is a
trader that is involved in a lawsuit for manipulative trading while working
with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and
is known to be the notorious person shorting in the silver future market
from his trading space, along with Blythe Masters, his IB Global boss.
However, with that said, we are manipulating the silver futures market and
playing a smaller (but still massively manipulative) role in manipulating
the gold futures market. We have a little over a 25% (give or take a
percentage) position in the short market for silver futures and by your
definition this denotes a larger position than for speculative purposes or
for hedging and is beyond the line of manipulation.
On a side note, I do not work directly with accounts that would have been
directly impacted by the MF Global fiasco but I have heard through other
colleagues that we have involvement in the hiding of client assets from MF
Global. This is another fraudulent effort on our part and constitutes theft.
I urge you to forward that part of the investigation on to the respective
authorities.
There is something else that you may find strange. During month-end December
, we were all told by our managers that this was going to be a dismal year
in terms of earnings and that we should not expect any bonuses or pay raises
. Then come mid-late January it is made known that everyone received a pay
raise and/or bonus, which is interesting b/c just a few weeks ago we were
told that this was not likely and expected to be paid nothing in addition to
base salary. January is right around the time we started increasing our
short positions quite significantly again and this most recent crash in gold
and silver during Bernanke's speech on February 29th is of notable
importance, as we along with 4 other major institutions, orchestrated the
violent $100 drop in Gold and subsequent drops in silver.
As regulators of the free people of this country, I ask you to uphold the
most important job in the world right now. That job is judge and overseer of
all that is justice in the most sensitive of commodity markets. There are
many middle-income people that invest in the physical assets of silver, gold
, as well as mining stocks that are being financially impacted in a negative
way b/c of our unscrupulous shorts in the precious metals commodity sector.
If you read the COT with intent you will find that commercials (even though
we have no business being in the commercial sector, which should be
reserved for companies that truly produce the metal) are net short by a long
shot in not only silver, but gold.
It is rather surprising that what should be well known liabilities on our
balance sheet have not erupted into wider scale scrutinization. I call all
honest and courageous JPMorgan employees to step up and fight the cronyism
and wide-scale manipulation by reporting the truth. We are only helping
reality come to light therefore allowing a real valuation of our banking
industry which will give investors a chance to properly adjust without being
totally wiped out. I will be contacting a lawyer shortly about this matter,
as I believe no other whistleblower at JPMorgan has come forward yet. Our
deepest secrets lie within the hands of honest employees and can be revealed
through honest regulators that are willing to take a look inside one of
America's best kept secrets. Please do not allow this to turn into another
Enron.
Kind Regards,
-The 1st Whistleblower of Many
. | p********y
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