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Enron Redux Has JPMorgan Probed For Abusive Energy Trading,God , do they do anything ethically/morally anymore???

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 03 Jul 12 6:20 PM | 45 view(s)
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Msg. 42407 of 45651
Jump:

I didn't put criminally, Hasn't be proven YET....LOL

Their name is popping up a lot , lately, and not in a good light!

Submitted by Tyler Durden on 07/03/2012 10:10 -0400

Enron

While the CIO was clearly not populated by the smartest guys in the room, it appears the bank that just can't get a break has hit another snag as the Federal Energy Regulatory Commission is probing them over 'bidding practices' and abusive trading in California and Midwest energy markets. Via Bloomberg:

*FERC PROBES POTENTIAL POWER-MARKET MANIPULATION BY JPMORGAN
*FERC ASKS U.S. COURT TO ORDER JPMORGAN TO PRODUCE DOCUMENTS
*FERC SAYS PROBE COVERS JPMORGAN'S `BIDDING PRACTICES' :JPM US
*FERC SAYS CALIFORNIA, MIDWEST OPERATORS CITED ABUSIVE TRADING

Is there a wondrous capital structure here for Bethany Mclean to investigate? We can only assume that JEDI Morgan is 'not the Chewco FERC is looking for'.

http://www.zerohedge.com/news/enron-redux-has-jpmorgan-probed-abusive-energy-trading?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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