Wednesday, December 21, 2011

JP Morgan's 'Suspicious Involvement' in the Collapse of MF Global



James Koutoulas on JP Morgan's involvement in the MF Global collapse:
"[JP Morgan] wears way too many hats in this situation. Their fingers are all over this. They were a custodian of customer segregated funds, they were a primary lender to MF Global,...they were head of the creditors' committee in bankruptcy court, they're buying customer claims for pennies on the dollar—vulture claims, and it

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