As this is my first post on this site, please accept my humbled apologies if you find it as dribble.
Last night I was doing a little research on the web regarding what I have been told about the naked short put options on silver that Bear Stearns owned, which were passed on to JPMorgan Chase & Co.(NYSE:JPM) with the aqusition of Bear’s remaining assets and costumer coverage.
I was completely struck but not surprised when I stumbled upon this KING WORLD NEWS interview with Andrew Maguire (“independent metals trader turned whistle blower”) & Adrian Douglas (Board of Director from GATA).
Tuesday, March 30, 2010
“Andrew Maguire & Adrian Douglas: Discuss What Could Be the Largest Fraud in History - Andrew is an independent metals trader turned whistleblower at the center of a storm for exposing what could be the largest fraud in history involving countries, banks and government leaders. Adrian Douglas Board of Director from GATA, the man who Andrew reached out to joins in this interview where they discuss a fraud so extraordinary and so unimaginable that it is the kind of thing that only happens in hollywood thrillers. They also discuss the CFTC sponsored meeting on metals which was an unmitigated disaster because it additionally exposed the fraud on a grander scale.”
Before you listen to the lengthy interview, you may like to read Andrew Maguire’s documented e-mail exchange with the CFTC.
This may be useful to nourish readers’ appetite for authentic dissemination of financial news over the weekend.
One last point to mention, the King World News site was attached yesterday (Thur. April 1) as mentioned on GATA’s website here (if the URL has not been changed).
Disclosure: None ---- Long silver and gold bullion (added silver this morning - April 2, 2010)