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View Diary: "Senate Censors Part of Report on JPMorgan About Its Stock Trading," by Pam Martens (63 comments)

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  •  Is this a factor in the current bull market? (0+ / 0-)
    the Chief Investment Office at JPMorgan, which oversaw the London Whale trades, was using insured deposits of the bank to place its casino bets. Senator Carl Levin, Chairman of the Senate Permanent Committee on Investigations, confirmed on Friday that JPMorgan used insured deposits as well as funds corporations had placed on deposit.
    "Casino bets" means stock trades. Are all of the big banks doing this? Did the Obama administration  step aside because a high Dow would make the recovery look real?

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