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Forum Post: JP Morgan Probed Over Possible Power Market Manipulation

Posted 12 years ago on July 3, 2012, 9:11 p.m. EST by Nevada1 (5843)
This content is user submitted and not an official statement

http://www.reuters.com/article/2012/07/03/us-utilities-jpmorgan-ferc-idUSBRE8620LK20120703?feedType=RSS&feedName=topNews&rpc=71&google_editors_picks=true

16 Comments

16 Comments


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[-] 3 points by alterorabolish1 (569) 12 years ago

Is it just me, or is there a rash of stories claiming manipulation taking place in every area of the financial industry?

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[-] 2 points by DKAtoday (33802) from Coon Rapids, MN 12 years ago

Corruption and greed knows no boundary's.

Another reason to demand that wallstreet be prosecuted.

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[-] 1 points by Nevada1 (5843) 12 years ago

The world would do fine, without most of the corporations and financial institutions.

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[-] 3 points by DKAtoday (33802) from Coon Rapids, MN 12 years ago

Break them down into friendly size. Make them work within their communities.

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[-] 2 points by Nevada1 (5843) 12 years ago

Yes, that would work. The bigger they get, the worse the behavior.

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[-] 3 points by DKAtoday (33802) from Coon Rapids, MN 12 years ago

Also the bigger they get - it seems the easier to cook the books.

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[-] 1 points by Nevada1 (5843) 12 years ago

And easier to purchase politicians.

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[-] 3 points by DKAtoday (33802) from Coon Rapids, MN 12 years ago

Yep - no need looking for a coalition of like minded greedy - if you have plenty of money in your operation.

Hhmmmmmmmmmm

I wonder if that is also why they seem to be self destructing?

Now that they don't need the support of other greedy bastards to buy government - they are all running their own games and stepping on eachothers toes.

The feeding frenzy that has the government acting insane supporting their gravy trains.

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[-] 1 points by Nevada1 (5843) 12 years ago

Good point. Maybe the big bankers, will kill each other off.

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[-] 1 points by DKAtoday (33802) from Coon Rapids, MN 12 years ago

Nice Dream.

Huh.

The greedy doing away with the greedy.

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[-] 2 points by DKAtoday (33802) from Coon Rapids, MN 12 years ago

Apparently someone does not like the dream. Could it be a corpoRAT shill?

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[-] 2 points by Nevada1 (5843) 12 years ago

Hi alter,

Yes, the bankers have been busy.

Do you ever wonder, about all that is going on, that we don't hear about?

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[-] 2 points by alterorabolish1 (569) 12 years ago

I do wonder about what we don't hear about. What we have heard about has caused me to lose all confidence in our financial system. I was upset about synthetic derivatives and such, but now we learn there's collusion in setting interest rates, the bond market, apparently everything.

The Rolling Stone article about fixing bond rates written by Matt Taibbi described the defense team allowing damning evidence to be introduced because their defense was that we the people "NEED" the service they provide for us. Shocking.

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[-] 1 points by Nevada1 (5843) 12 years ago

Hi alter,

Agree, as you have made some good points here.

The "corporate war of aggression", moves ahead every day.

Regarding many of the big bankers, if they can steal, they will steal. They can't stop. Like a cocaine addiction. Like a prostitute addiction.

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[-] 1 points by shadz66 (19985) 12 years ago

Nev1 : Thanx for this post about a JP Morgan, the Corporate 'Giant Vampire Squid' of our times, further to which - I append :

radix omnium malorum est cupiditas ...

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[-] 1 points by Nevada1 (5843) 12 years ago

Thank you shadz, for the links. Yes, "Giant Vampire Squid". No end to the depth, of all the crimes committed.

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