Why Blythe Masters is Telling the Truth About Precious Metals Manipulation

JPMorgan was again recently busted for price manipulation, this time in the energy markets, which means commodities head Blythe Masters lied under oath again.  The pay off to make this latest transgression go away was $500 million.

This is a re-post of Ms. Masters declaring JPMorgan doesn't make directional bets, and that they merely "make markets" for clients and provide "liquidity."  A few weeks later, JPMorgan fessed up to the London Whale trader booking $6 billion in losses before they were able to unwind the trade.

Masters and her boss Jamie continue to lie through their teeth, all the while enjoying their reputation as the biggest and most stable of banks.   Of course, no one mentions their $76 trillion in notional value derivatives exposure.


http://www.silverdoctors.com/why-blythe-masters-is-telling-the-truth-about-precious-metals-manipulation/