SILVERBUGS (SILVER)

[NYBob]

JPMorgan Criminal Case Coming for Silver Manipulations

This week we learned that U.S. authorities at the DoJ, who have for years not only accused various JPMorgan Chase & Co. employees of rigging precious-metals futures but also got many to plead guilty.

The US Department of Justice (DoJ) is now, more importantly, building a criminal case against America's biggest bank itself.

The previously unreported investigation of the global bank’s parent company, part of a wide-ranging attempt by the Federal government to maintain shreds of its former financial market credibility, raises the now new prospect of criminal charges against higher up executives within the United States’ largest bank.

And perhaps even larger implications are coming to this once considered too big to fail, therefore we must bail them out bank.

One which today in 2020, and seemingly year after year the Bank for International Settlements’ Financial Stability Board ascribes as being the #1 Global-Sytimatic Important Bank (G-SIB). In terser terms, JP Morgan’s stability is consistently ranked by the central bank of central banks, as being the largest threat to our global financial system functioning smoothly (new Bank Bail-In Laws on the books still).

Today we will dig into some details about this coming criminal case against JP Morgan Chase.

https://www.zerohedge.com/news/2020-02-08/jpmorgan-criminal-case-coming-silver-manipulations