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janice shell

05/20/11 10:41 PM

#6009 RE: Jagthetrader #6006

How should I know? They don't make their decisions public. Has the company had anything to say?

Nope.

SevenTenEleven

05/22/11 2:33 PM

#6032 RE: Jagthetrader #6006

Jag, Here is a pretty interesting read/take on the issues JPM and BoA are having.


http://maxkeiser.com/2011/05/20/28078/

May Day Raid

Posted on May 20, 2011 by maxkeiser| 32 Comments

I was on a conference call last night with Tom Heneghan and he shared this “intelligence report” and it sounded so compelling that I was curious enough to pass it to the “gurus” to see if there were legs to this story.


The report ties together the recent “official killing” of Bin Laden in order to free up trillions of dollars with Barclays and Lloyd’s of London in order to secretly bail out JP Morgan and Bank of America in order to cover their shorts on silver and losses in derivatives.

An excerpt:

“It should also be documented that the timing of the bin Laden psyop, which was just recently orchestrated, allowed the elite to UN-freeze the aforementioned account at Barclays Bank and then use the $1.5 TRILLION of Wanta-Reagan-Mitterrand Protocol funds to engage in illegal trading activity, which had the result of bailing out J. P. Morgan, which faced financial decapitation based on short derivative precious metal and commodity contracts that J. P. Morgan could not make delivery on.

As we mentioned in our previous intelligence briefing, this bin Laden psyop allowed the elite to pull off the largest insider trading scam and ponzi scheme in history.

Barclays Bank, J. P. Morgan, Goldman Sachs and Bank of America then proceeded to illegally write cross-collateralized derivatives on the frozen national security accounts and then use these derivatives to illegally trade both sides of the Euro currency forex futures and options market by cross-collateralizing the derivatives inside what is known in the financial trading community as the difference between the bid and the ask, commonly known as the spread.

The aforementioned financial trading giants also had a 3-second lead time in their electronic trading of the derivatives.

This is called electronic front running and bucketing.

It is no coincidence that Bank of America just reported an increase in their earnings. This was based on a perfect trading record in forex and currency futures, and clearly it is no coincidence that this is where the Wanta-Reagan-Mitterrand Protocol funds were originally parked.

The result of this illegal trading activity has increased the debt load of the smaller European Union nations like Spain, Portugal, Greece and Ireland.

Note: At this hour both Greece and Ireland do not want a ‘bailout’ from the International Monetary Fund (IMF) knowing this bailout would do nothing other than pay off the derivative holdings of Goldman Sachs and J. P. Morgan, which are on the books of these noted European nation members.

This is the evidence that has been supplied to both European and U.S. financial investigators that Dominique Strauss-Kahn, President of the IMF, has handed over.”

The “updated” article is linked from his Myspace account (I know, I know). However, the story has been picked up by several other bloggers (without the latest updates).

www.myspace.com/tom_heneghan_intel/blog/542954674

This may or may not be something you would normally cover. But you also have other sources and connections that may investigate and elaborate further.

Let me know what you think.

Jason