30 April 2012
Occupy the SEC on Wall Street Banks, JPM 'Hedging,' and the London Whale
JPM's 'hedging' is really prop trading.
I suspect strongly that this is the basis of their 'silver hedging' as well.
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"The problem with movies and books is they make evil look glamorous, exciting, when it's no such thing. It's boring and it's depressing and it's stupid. Criminals are all after cheap thrills and easy money, and when they get them, all they want is more of the same, over and over. They're shallow, empty, boring people who couldn't give you five minutes of interesting conversation. Maybe some can be monkey-clever, some of the time, but they aren't hardly ever smart."
Dean Koontz