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LA, California, USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL,ES mainly
Posts: 520 since Sep 2011
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CONFIRMED: The attempted cover-up of how JP Morgan torpedoed Lehman Brothers
With news breaking that JP Morgan is involved with yet another segregated client funds vanishing act at PFG, it has been confirmed that The Morgue intentionally torpedoed Lehman Brothers in the fall of 2008 by withholding $138 billion in Lehman customer segregated funds owed to Lehman Bros for nearly 2 weeks.
Lehmnan Brothers Holdings Inc. filed suit against JP Morgan over the action that likely precipitated Lehman’s collapse, and JP Morgan has agreed to pay a $20 million fine to settle the matter.
Jamie Dimon and company make Lloyd Blankfein, Hank Paulson, and the boyz at the Vampire Squid look like alter boys in comparison.
CONFIRMED: The attempted [AUTOLINK]cover[/AUTOLINK]-up of how JP Morgan torpedoed Lehman Brothers - Silver Doctors
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