SEC Head Recused Herself From JPM "Whale" Vote Due To Conflict Of Interest

Wall Street and the SEC is a ****ing circus.

http://www.zerohedge.com/news/2013-09-19/sec-head-recused-herself-jpm-whale-vote-due-conflict-interest

JPMorgan To Clawback Bonuses, Will Announce CIO Loss Just Over $5 Billion

So JPMorgan's whale trade losses out of their CIO office in London "only" amounted to $5 billion, less than the feared $9 billion, but much more than the initial estimates of $2 billion.  All is well--move along.


http://www.zerohedge.com/news/jpmorgan-clawback-bonuses-will-announce-cio-loss-just-over-5-billion

A whale in the waters of negative yields

When the world's largest bond investor is forecasting a world where gold and silver will once again form the foundation of the global monetary system, one should sit up and take notice.  Bond investors are understandably anti-gold.

http://www.ft.com/intl/cms/s/0/6686b916-9381-11e1-8c6f-00144feab49a.html#axzz1uy6IGanE