later
This worrisome story is gathering momentum. I wonder what Monday will bring?
Wasn’t it Jefferson who predicted a fed bank would do this?
The Fed’s middle name is “manipulation.” That’s their job, really. As for JP Morgan... So what? They were just doing their client’s bidding.
The plunge protection team at work. Ever notice how the market rallies at the end after starting down all day?
This is related to our recent discussion.
why would the fed worry about the price of gold. the US has one of the world’s biggest gold reserves. so if the dollar declines in value against gold—the US gold reserves increase in value. isn’t this a wash?
Socialism...cheap but there isn’t any.
Related email that I received the other day:
The Executives’ Club of Chicago cordially invites you to join us at our luncheon as we honor
Jamie Dimon
Chairman & Chief Executive Officer JPMorgan Chase & Co.
as The 2010 International Executive of the Year
Jamie Dimon is Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., a global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.
Dimon became CEO on January 1, 2006 and one year later also became Chairman of the Board. He was named President and Chief Operating Officer upon the company’s merger with Bank One Corporation on July 1, 2004.
Dimon joined Bank One in Chicago as Chairman and CEO in 2000, and engineered a dramatic turnaround - taking the bank from a half-billion-dollar loss in 2000 to record earnings of $3.5 billion in 2003 - before its merger with JPMorgan Chase.
Dimon began his career at American Express Company, serving as Assistant to the President from 1982 until 1985. A year later, he became a key member of the team that defined the strategy for Commercial Credit Company when the consumer lending company was spun off from Control Data Corporation. He served as Chief Financial Officer and then President.
Commercial Credit made numerous acquisitions and divestitures, including acquiring Primerica Corporation in 1987 and taking its name. The firm then acquired The Travelers Corporation in 1993, becoming Travelers Group. Dimon served as President and Chief Operating Officer of Travelers from 1990 through 1998 while concurrently serving as Chief Operating Officer of its Smith Barney Inc. subsidiary. He became CEO of Smith Barney in January 1996 and then co-Chairman and Co-CEO of the combined brokerage following the 1997 merger of Smith Barney and Salomon Brothers.
In 1998, Dimon was named President of Citigroup Inc., the global financial services company formed by the combination of Travelers Group and Citicorp.
A summa cum laude graduate of Tufts University, Dimon earned an MBA degree from the Harvard University Graduate School of Business, where he was a Baker Scholar. He serves on the boards of directors of a number of non-profit institutions, including the Federal Reserve Bank of New York, the Clearing House, the United Negro College Fund and Harvard Business School. Additionally, he serves on the executive committee of the Business Council, Business Roundtable and the Partnership for New York City, and is a member of the Financial Services Forum, Financial Services Roundtable and Council on Foreign Relations.
Host Committee Chairman
David B. Speer, Chairman & Chief Executive Officer, Illinois Tool Works Inc.
Host Committee Members
V. James Marino, President & Chief Executive Officer, Alberto Culver Company
Loretta Kuss, Director, Chicago Passenger Sales, American Airlines
W. Robert Reum, Chairman, President & Chief Executive Officer, Amsted Industries
Patricia A. Woertz, Chairman, Chief Executive Officer & President, Archer Daniels Midland Company
John J. Conroy, Jr., Chairman of the Executive Committee, Baker & Mckenzie International
Robert L. Parkinson, Jr., Chairman, Chief Executive Officer & President, Baxter International Inc.
Paul Bascobert, President, Bloomberg BusinessWeek
John A. Edwardson, Chairman & Chief Executive Officer, CDW Corporation
Scott C. Swanson, President & Chief Executive Officer, Charter One Bank, Illinois
William J. Brodsky, Chairman & Chief Executive Officer, Chicago Board Options Exchange, Inc.
Craig S. Donohue, Chief Executive Officer, CME Group
Brian P. Simmons, Founder & Partner, Code Hennessy & Simmons, LLC
Richard A. Chaifetz, Chairman & Chief Executive Officer, ComPsych Corporation
Ilene S. Gordon, Chairman, President & Chief Executive Officer, Corn Products International
Adam J. Gutstein, President & Chief Executive Officer, Diamond Management
& Technology Consultants
David W. Nelms, Chairman & Chief Executive Officer, Discover Financial Services
Rahul D. Shah, President & Chief Executive Officer, DSR Management, Inc.
Tonise Paul, President & Chief Executive Officer, Energy BBDO
Kaarina Koskenalusta, President & Chief Executive Officer, The Executives’ Club of Chicago
John W. Rowe, Chairman & Chief Executive Officer, Exelon Corporation
Chip Reeves, Chicago Market President, Fifth Third Bank Chicago
Russell P. Fradin, Chairman & Chief Executive Officer, Hewitt Associates Inc.
Anita Sabatino, Managing Director, JPMorgan Chase & Co., IBM
Charles Cannon, Chairman & Chief Executive Officer, JBT Corporation
Colin Dyer, President & Chief Executive Officer, Jones Lang LaSalle
David W. Fox, Jr., Vice Chairman, JPMorgan Chase & Co.
E. Roanald Culp, Partner & Managing Director, Ketchum
William E. Saxelby, President & Chief Executive Officer, Landauer Inc.
James C. Tyree, Chairman & Chief Executive Officer, Mesirow Financial
Frederick H. Waddell, Chairman & Chief Executive Officer, Northern Trust Corporation
Thomas j. Quinlan, III, President & Chief Executive Offcer, RR Donnelley
John W. Estey, President & Chief Executive Officer, S&C Electric Company
Kevin T. Rafferty, President of Wealth Management, SunGard Transaction Network
Larry D. Richman, President & Chief Executive Officer, The Private Bank and PrivateBancorp
Glenn F. Tilton, Chairman, President & Chief Executive Officer, UAL Corporation
Keith E. Williams, President & Chief Executive Officer, Underwriters Laboratories Inc.
Richard W. Gochnauer, President & Chief Executive Officer, United Stationers Inc.
Richard C. Vie, Chairman Emeritus, Unitrin, Inc.
John R. Ettelson, President & Chief Executive Officer, William Blair & Company, LLC
Thursday, April 22, 2010
Reception, 11:45 am Luncheon, 12:30 pm
The Fairmont Chicago, Imperial Ballroom, B2 Level
200 N. Columbus Drive, Chicago, Illinois
ping - thought of you
*
We are told these are ludicrous conspiracy theories. Now who are the real loons?
BUMP
So when the precious metal traders, their bosses, and JP Morgan exectuives make their nice "fat cat" bonuses politicians so often like to publically decry, it's courtesy of Joe SixPack who just got a pink slip.
AND the politicians knew this all along.
Is it REVOLUTION time yet??
ping for later
WARNING PING! ???
Some here have been following this story for a few days and if some of the stories are true, this could make the meltdown in the fall of 08 look like child’s play. Now that the NYP has picked up the story, it might be time to take it seriously. TCH had some very scary posts on this scandal yesterday. Not being well-versed in this stuff, I don’t know what it all means, but it sounds explosive as hell.
Maybe some smart FReeper can tell us if we are all doomed or not...LOL!
Links to some of TCH’s stuff last night in case you missed it:
http://www.freerepublic.com/focus/f-news/2490710/posts
Bookmark.
.
Goldbug ping
Related article at zerohedge:
“Jeffrey Christian Has A Second Chance To Disprove The Gold Ponzi Scheme, Fails”
However, here’s a rebuttal from the President of iTulip.com:
“Silver price manipulation? If it looks too bad to be true, it probably is”
http://www.itulip.com/forums/showthread.php?p=156095#post156095
Mail me to get on or off the Free Republic Goldbug Ping List.
Forget the plans of our parents and other seniors across the country who counted on modest dividends to be part of retirement security.
Leni