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U.S. Says JP Morgan’s PM Desk is a Criminal Entity – Unsealed Indictment

JP Morgan Chase War on Cash
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Comments

  1. Thomas Witty says

    I have to believe the bank(s) should also be held culpable. Maybe I’m missing something, but just asking an employee to incriminate him/herself or lie isn’t an audit. Perhaps even the regulators should be charged for derilection. In a way doesn’t this imply that even privately held bullion has a third party risk, though not directly counter party (not counting funny business at the storage facility). Of course, by my non-financial definitions, driving a car has counter party risk, yet it many times is the best way to get somewhere. Hope at least thesenior instigators get more than a week in jail and an insignificant fine.

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