Monday, July 09, 2012

It's only just begun.

If you trade futures and your clearing firm has anything to do with JP Morgan you might want to think some things through.

It will be fun to see how fast DOJ, CFTC, and NFA jump on this issue and how many criminal indictments are brought in comparison to MFG and John Corzine.   Just don't hold your breath.

Number 2 is a done deal.    How many more are there?  My bet?  A whole lot more.

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