JP Morgan Wins Biggest Payout Of All Creditors In MF Global Fiasco

Whereas most of MF Global’s unsecured creditors are to receive between 13.4 cents and 39 cents on the dollar, JP Morgan is set to receive 73 cents on the dollar, but this number will even increase due to Tuesday’s settlement.

6 comments on “JP Morgan Wins Biggest Payout Of All Creditors In MF Global Fiasco
  1. flicks says:

    Of course they all knew about it, but the Americans forced their hand and they realised they are just puppets – do as uncle Sam says otherwise more of the same – this is what happens in a corrupt criminogenic environment when the powers in the conspiracy move allegiance. We learned from Rickards that the US sided with Europe and Europe wants London under control now it has decimated the south.

    http://www.telegraph.co.uk/finance/libor-scandal/9909736/FSA-admits-slow-response-to-Libor-but-denies-failure.html

  2. Mini US says:

    Absolutely outrageous :(

    Did Gerald Celente get anything back?

  3. Disgusted of Tunbridge Wells says:

    All that extra silver can be handy if you plan to short the silver market.

  4. “What is commonly out there is that JPMorgan is manipulating the metals market. It’s not part of our business model. it would be wrong and we don’t do it,” Blythe Masters.

    April 6, 2012: http://tradewithdave.com/?p=9802

    April 10, 2012: http://tradewithdave.com/?p=9855

    April 11, 2012: http://tradewithdave.com/?p=9866

  5. antiriad says:

    Obvious that JP Morgan were the first and only to get the most.
    As they are very short in silver (and other pm)th desperatelyey needed this as backup .

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