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Re: stockmojo9 post# 26198

Thursday, 06/20/2013 2:44:59 PM

Thursday, June 20, 2013 2:44:59 PM

Post# of 111133
From the Esquire article -

"And so, when the $7 billion went missing, perhaps it was inevitable that Bob Diamond's winning streak would continue. It was shocking to Barclays executives that the Fed wasn't able to just make JPMorgan give it back — wasn't able to convince JPMorgan to right such an obvious wrong. But when the Fed forensically reconstructed the trade and both sides were called upon to settle, Barclays got satisfaction: $1.3 billion in cash and $5.7 billion in securities."

Looks like this was settled and $7B is not still on deposit w/JPM.