Trust Me!..........from Rico

JPM has been sued in past for manipulation in the metals market, and one of its co-defendents (Barrick) put forward a motion to dismiss on the grounds they were acting under the direction of the FED.

Here are several recent articles, for further example:
- "JP Morgan Trader's Positions Said to Distort Credit Indexes"
- "Predatory JPM Swap Deal Pushes Alabama County Into Bankruptcy"

Given the actions and recent history not only of JPM, but the larger financial industry, it's rather disingenuous to 'ask' for the public's continued faith, confidence, and trust in it.

So, forgive my tongue-in-cheek skepticism about what Blythe Masters had to say about her hugely profitable trading positions to a friendly interviewer on FTV in her most recent interview. [Summary: There is no manipulation in the Silver market, and all JPM's hedging positions are legitimate. FOR THE MUPPETS read: TRUST ME.]

While the retail investors (the Muppets) think they are 'playing the market' the unpleasant fact is that 'the market is playing them.'