Tag Archives: Wall Street

Another banking whistleblower.

Part of a letter doing the rounds of the trading/sales floors today.

Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear [Stearns].

 

Read more: click here

Thanks David Rodgers

httpv://www.youtube.com/watch?v=TZ05rWx1pig

After eight days of peaceful protest in lower Manhattan, police moved in with tasers, pepper spray and batons on Saturday. Over 80 were arrested for a variety of reasons including filming or taking pictures of the event. Cue roars of “police brutality”.

Exact details of the situation remain unclear.

32 Pictures Of Police Brutality From Occupy Wall Street Protests (Buzzfeed)

‘Occupy Wall Street’ Protests Turn Violent; Video Shows Police Macing Women (ABC News)