JPM gets 200m margin call 3 days prior to MF Global debacle.

[Plastic]

Hav'nt seen this yet so...


Breaking reports state that JP Morgan received a $200 million margin call on London's LIFFE exchange 3 days prior to the MFG Bankruptcy over naked euro put options. The margin call came when the Dallas Fed refused to offer JPM a line of credit due to JPM's use of TARP funds to write euro derivatives. The report alleges that a panicked Jamie Dimon called Tim Geithner, Ben Bernanke, and Gary Gensler demanding the problem be taken care of and within the hour, the CME re-issued the $200 million margin call to the counter-party on the derivatives trade (MF Global), and the rest is history.

More at link.

http://silverdoctors.com/

[jimswift]

read that Dimon threatened Corzines life.

[Plastic]

read that Dimon threatened Corzines life.


Yah, same. Nothing like being openly threatened with a heart attack.

[JohnQPublic]

The MySpace link (article source) is for Tom Heneghan. See this comment on the SilverDoctors article:

CreoleGenius (http://www.blogger.com/profile/05149855838889882426) said... Heneghan is the notorious mythologist responsible for prolonging the 'Wanta' hoax. There is always some 'guys in white hats' ready to release the trillions in cash for the benefit of the American people. Its only the 'bad guys' in black hats that have the power to close accounts holding TRILLIONS in cash to be returned to the rightful producers. All of these mythologists (Fulford, Sasha Faal, Heneghan, etc.) should be returned to junior high school to complete their courses in non-fiction exposition.
March 27, 2012 8:56 AM (http://silverdoctors.blogspot.com/2012/03/report-jpm-received-200-million-margin.html?showComment=1332852992485#c66899180637 78130971)

[beefsteak]

Wanta is NOT a hoax.

About Wanta's trillions ready to be released? Doubt there's much left in Wanta's "cookie jar." The hypothecation of Wanta's settlement is global in scope.


beefsteak

[Libertarian_Guard]

http://i42.tinypic.com/10o0j00.jpg




http://i44.tinypic.com/2n092df.jpg

[JohnQPublic]

Wanta is NOT a hoax.

About Wanta's trillions ready to be released? Doubt there's much left in Wanta's "cookie jar." The hypothecation of Wanta's settlement is global in scope.


beefsteak

I'm not saying it is. I thought the comment and source of the story is relevant, and useful for us to know.