by Pam and Russ Martens Wall Street on Parade There are three separate cases in federal court accusing JPMorgan Chase of a culture of fraud. JPMorgan Chase is the largest federally-insured bank in the United States. It is also one of the largest trading houses on Wall Street. That’s the
I have been a silver bug for 20 some years now. Since I also have bipolar 2 disorder, and it was only diagnosed 7 years ago, I was an undiagnosed bipolar silver bug for 13 years. Not surprisingly, I invested more than 100% of our net worth in silver of some sort. Surprisingly, given the amount of manipulation that it was subjected to, we STILL came out ahead.
However - that epic smash in thin trading Sunday night (US time) in April 2011 was pretty damaging. And I was too much of an idiot to pull out and take gains either beforehand or just afterward, before prices tumbled way down. I'm amazed we did somehow come out ahead. But, yeah, I was trading in a forex exchange (now prohibited) and saw those steep dives with tens of thousands of dollars on the line. JP Morgan was spoofing sales to manipulate the market. Everyone knew it.
If I had been sane enough to take out half our gains we'd have a nice house paid for now. But as it is we'll probably retire to a tiny house made from a shed in a recreational subdivision. If ever there were a class action lawsuit against JPMorgan for all that rigging I'd probably end up with a coupon for 50 basis points off a mortgage or something stupid and all-but-useless.
I have been a silver bug for 20 some years now. Since I also have bipolar 2 disorder, and it was only diagnosed 7 years ago, I was an undiagnosed bipolar silver bug for 13 years. Not surprisingly, I invested more than 100% of our net worth in silver of some sort. Surprisingly, given the amount of manipulation that it was subjected to, we STILL came out ahead.
However - that epic smash in thin trading Sunday night (US time) in April 2011 was pretty damaging. And I was too much of an idiot to pull out and take gains either beforehand or just afterward, before prices tumbled way down. I'm amazed we did somehow come out ahead. But, yeah, I was trading in a forex exchange (now prohibited) and saw those steep dives with tens of thousands of dollars on the line. JP Morgan was spoofing sales to manipulate the market. Everyone knew it.
If I had been sane enough to take out half our gains we'd have a nice house paid for now. But as it is we'll probably retire to a tiny house made from a shed in a recreational subdivision. If ever there were a class action lawsuit against JPMorgan for all that rigging I'd probably end up with a coupon for 50 basis points off a mortgage or something stupid and all-but-useless.
Just looked into it. I'm not eligible for the class action lawsuit going on because I didn't trade on COMEX or NYMEX.
Maybe the next one, Skeptical.