| User Info
| Oh, It's Not Just Goldman? (JP Morgan Allegations) in forum [Market-Ticker]
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Lugnut
Posts: 347
Incept: 2008-09-24
New Jersey
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My cynic alarm is going off. Something about this smells a bit like yesterdays halibut. Not saying its not true, but methinks there is more to this letter than meets the eye.
TBD.....
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Tchoup
Posts: 2789
Incept: 2008-02-01
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As much as I wish this was legitimate......
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"It is dangerous to be right in matters on which the established authorities are wrong" - voltaire
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Swingtrader
Posts: 9108
Incept: 2007-08-12
United Oligarchic Goldman Sachs States of America
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Damn.
There may be hope for us, yet.
I'm still cycnical, but one never knows.
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Swing said "Well, it is collapsing as we watch.This is what it looks like." Australian federal judge Jayne Jagot, doing what US judges need to do!
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Randy123
Posts: 5776
Incept: 2008-09-24
Earth
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Keep it coming
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China is the Enemy. Wake Up.
New Normal. Same As The Old Awful.
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Genesis
Posts: 130717
Incept: 2007-06-26
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Well, that's why the footnotes from me.
There's not enough specific information to analyze and it may well be bull****.
But..... it IS fair game for comment, since it was published on a government web site.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Stanowen
Posts: 160
Incept: 2008-10-02
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The language seems contrived.
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Nuke_engineer
Posts: 2698
Incept: 2007-08-19
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Only two words:
QUI TAM
under the US False Claims Act
This guy will wind up free and rich. I know, I've been there myself.
This is more like what I expected for Panic #1
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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.
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Bertdilbert
Posts: 2658
Incept: 2008-12-22
CA
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Karl I am going to call fake on this one. Looks like something put together by a gold/silver bug.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Rjazz117
Posts: 17787
Incept: 2007-09-11
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If true, this would definitely be an interesting development.
One might even hope, this could be the start of a trend.
Then again, hope has never been a strategy of mine.
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 “To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson |
Genesis
Posts: 130717
Incept: 2007-06-26
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Bert: Quite possibly, thus the qualifier on the ticker.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Themortgagedude
Posts: 8849
Incept: 2007-12-17
saint louis
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I'm already visualizing you with duct tape over your mouth.
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Nuke_engineer
Posts: 2698
Incept: 2007-08-19
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Manhattan has more hidden video cameras per square foot than even Tel Aviv or London now. If the IP address didn't emanate from within JPM, they are certainly doing facial recognition matches on all the relevant cameras right now.
If it's a fake, he's now a fugitive who committed fraud on a .gov website and will have JPM security and the Feds going after him. If he has the evidence and it was true, he'll be drinking champagne on a yacht downtown before long.
Required language to get the FCA gross reward, which BTW is 50% of any stolen government money, minus recovery expenses and attorney fees:
"I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet."
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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.
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Antone
Posts: 7663
Incept: 2008-02-03
Seditionia, USSA
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That letter screams fake to me, unfortunately.
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As if anything has changed:
Wir sind gefickt.
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Murf
Posts: 4486
Incept: 2007-08-28
MurfCon Warning Level: Arrogance II
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Look, if all of you on this thread write a direct letter to your Senators the ball may really get rolling. The JPM guy will go public once he has an attorney if he is for real. In the meantime write your reps about the GS case and blast them. That puts pressure on the politicians to make public statements and will then encourage further whistle-blowers. As the slime is revealed these criminal banks will see client exodus and likely prosecutions that can take us a long way.
Don't forget to remind your Senator that you know he/she takes money from these criminals. Put them on the spot.
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The money has already been lost. Someone has to book it.
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Medicdan
Posts: 8017
Incept: 2010-02-11
Scottsdale, AZ
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I'm not buying this one. But, FWIW, a long time friend of mine at a major bank / trading company is stepping down. I was floored last night when he told me. He said he can't take it anymore. The money is pretty good and for him to say that, it must be really bad.
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Nuke_engineer
Posts: 2698
Incept: 2007-08-19
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Antone,
The FCA reward is per taxpayer ID, so you still have a crack at the reward if you're quick and prove your information was key to the recovery.
First whistleblower per tax id gets it all, including anonymity and even a new identity to spend his/her/their money.
Oh, and let's not forget the Brits will pay 50% as well on the same case if they stole as well from the crown.
I'll check with my contacts to see if there's been activity at the Inland Revenue.
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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.
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Bagbalm
Posts: 4255
Incept: 2009-03-19
Just North of Detroit
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Wouldn't be surprised if this is false and created by Goldman. When it is shown false they will say - "See? Just like our accuser."
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Bertdilbert
Posts: 2658
Incept: 2008-12-22
CA
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This paragraph totally screams fake and leads me to believe it was just written by a gold/silver bug.
"As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold."
Probably someone who lost their ass in the last gold/silver downdraft. It is the typical gold/silver bug complaint, that JPM is short and not being a miner, has no business being listed as a commercial.
I see Zero Hedge releases it with considerable skepticism as well, citing that it provides no new info etc.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Themortgagedude
Posts: 8849
Incept: 2007-12-17
saint louis
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Medic - a friend of mine left MS a couple of years ago when they reneged on a bonus promise. He said his managing director begged him to stay. Told him he was going home and if they wanted him they needed to make good on his 3 million dollar bonus. His trading account had earned them 61 million that year. He had them beg again. He's now working at a boutique shop a few minutes from his home and earning half what he used to. Gets time to coach his kids baseball team and enjoys life a whole lot more. He confirmed for me the contempt that Wall Street has for their clients and the little people in general.
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I'm already visualizing you with duct tape over your mouth.
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Ihsmta
Posts: 560
Incept: 2008-04-10
Midwest, USA
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Yes, this didn't pass the sniff test with me either. My BS-meter is pretty accurate and pegged-out immediately.
That being said, (to borrow a tired, old cliche) I think that Mr. Smith is the first rat to scamper off of one of many burning ships.
Remember, there is no honor among theives, and they were eventually able to infiltrate and bring down the mafia as well.
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"Economists are no different than the prophets of ancient Pompeii who reassured that Mt Vesuvius would never blow. After all, it never had before." Baxter Black, DVM and Cowboy Poet
"You can avoid reality, but you cannot avoid the consequences of avoiding reality." Ayn Rand
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Mdm
Posts: 333
Incept: 2010-10-13
South Florida
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Mannfm11
Posts: 3539
Incept: 2009-02-28
DFW, Tx
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Can you imagine what the pressure must be, going to a client to sell him something on the idea it is supposed to benefit him, knowing that you were sent there to **** him out of every dime you can get out of him? Yves wrote about this in her book a couple years ago. The MSM is merely years late on this item. She pointed out what had come out of Morgan Stanley. She also brought up comments about ****ing the Mexican banks to the point the US had to bail them out in 1994. We bailed the Mexican banks out so Wall Street could get their money! I knew at the time that the money in Mexico didn't disappear for the reasons stated, all a lie told to and by the media. Clinton brought in Rubin, who made unilateral loans to bail them out. I knew from that day forward, we were looking at a crooked deal.
Supreme Court Justice, Louis brandeis wrote a book around 1910 about how Wall Street sucked money out of customers. It has probably never stopped. There is an article on Yahoo right now about who is buying the stock market. In low volume, I believe they can move the market with little buying or selling, merely by manipulating the bid/asks. As Karl has said, there are flash quotes in the lineup of orders. This has been going for years, as I know a guy who traded for years and back in the late 1990's he told me he would try to front run an order in the system by Goldman and suddenly the order wasn't there and the trap door was opened. I got to watch this process in the overnight oil market, where the orders at times march like an army and the big orders at the end of the line always vanish when approached. All they have to do is weaken their overhanging orders and the market goes up easier than it goes down, thus generating moves into which they can sell.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Goforbroke
Posts: 5340
Incept: 2007-11-30
Just call me 'Comrade'
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When both he and Mr. Smith give the money they've "earned" (whatever is left of it) to charity or back to their clients, then I'll listen.
Until then, they are self-righteous money-grabbers like those in the industry from which they came.
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We have met the enemy and it is us. -- Pogo
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Medicdan
Posts: 8017
Incept: 2010-02-11
Scottsdale, AZ
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Mannfm, the guys that are actually selling the products have no clue what they're selling. None, zip. These guys could not trade their way out of a paper bag if they had to. They're salespeople that sell what there told has value.
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