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JPMorgan (JPM) has been subpoenaed twice recently by the FERC as it looks into whether the bank...

JPMorgan (JPM) has been subpoenaed twice recently by the FERC as it looks into whether the bank used certain bidding strategies to extract higher energy prices in California and several Midwestern markets. At issue now is a battle for JPMorgan to keep secret key emails it considers privileged.
Comments (5)
  • Leftfield
    , contributor
    Comments (3758) | Send Message
     
    The incredible bailouts received by TBTF Wall Street including guaranteed profits through ZIRP have enabled them to wage war on the American people.
    3 Jul 2012, 07:59 AM Reply Like
  • NatGasMaverick
    , contributor
    Comments (521) | Send Message
     
    Left - WTF are you talking about? When JPMorgan bought Bear Stearns in 2008, they also acquired Bear Energy LP. Bear Energy purchased the Williams Power company in 2007, which included a number pf power supply agreements (tolls). This investigation stems from those particular power supply assets.
    3 Jul 2012, 10:07 AM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    No way JP Morgan would do such a thing. Didn't Ms. Masters say on CNBC that they were just doing customer business? The way it is:
    - JP Morgan does customer business.
    - Goldman does god's business and for fun deals with some muppets.
    - WF does Buffett's business.
    - C and BAC do ''avoid bankruptcy'' business.
    - MS just prays to god that their default swaps stay below 700 b.p. business.
    All good business as long as the taxpayer is their to fund all the fun either directly or through pensions invested by the above geniuses.
    3 Jul 2012, 11:00 AM Reply Like
  • NatGasMaverick
    , contributor
    Comments (521) | Send Message
     
    Bear Energy purchases Williams Power assets: http://bit.ly/R5hIwv

     

    Bear Energy deal - Energy Risk's Deal of theYear
    http://bit.ly/N8OpZo
    3 Jul 2012, 04:25 PM Reply Like
  • Rosmo2004
    , contributor
    Comments (16) | Send Message
     
    What about JPM manipulation in silver
    3 Jul 2012, 01:02 PM Reply Like
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