Post New Article

JP Morgan Chase agrees to pay $920
million in fines tied to market
manipulation of precious metals—the
largest ever imposed by the US government

Original Article

Posted By: Ribicon, 9/29/2020 5:59:10 PM

JPMorgan Chase will pay a record $920million to settle US civil and criminal charges over fake trades in precious metals and Treasury futures designed to manipulate the market, US agencies announced Tuesday. The settlement comes as the US banking giant reached a deferred prosecution agreement with the Justice Department to resolve criminal fraud charges over the long-running schemes. In one of the schemes, JPMorgan traders in New York, London and Singapore between 2008 and 2016 commissioned tens of thousands of orders for gold, silver, platinum and palladium futures that were placed in order to be canceled to deceive other market participants, the Department

Comments:

How are the big boys supposed to make their obscene fortunes if not by rigging the market?

Post Reply

Reply 1 - Posted by: thomthomp 9/29/2020 6:08:22 PM (No. 556800)
Fines on a company are not enough. These crimes are done by PEOPLE. Some actual human people need to go to jail.
17 people like this.

Reply 2 - Posted by: Starboard_side 9/29/2020 6:34:03 PM (No. 556825)
Done mostly during the Obama-Biden administration, huh?
7 people like this.

Reply 3 - Posted by: Dodge Boy 9/29/2020 6:37:06 PM (No. 556830)
Whew. $920 million. Not exactly chump change. I am sure that some head rolled at JP Morgan as a result.
6 people like this.

Reply 4 - Posted by: bad-hair 9/29/2020 7:08:12 PM (No. 556861)
Lunch money. They payed Clinton that much for a "speech" and went back to work.
3 people like this.

Reply 5 - Posted by: Rumblehog 9/29/2020 7:47:24 PM (No. 556886)
Wow, who was President at that time? Isn't JPM-C the top stock held by Congresspukes too?
3 people like this.

Reply 6 - Posted by: Trigger2 9/30/2020 3:24:44 AM (No. 557074)
The metals market must be run by demonrats who are totally into corruption and graft. I bet they made more than that piddling fine.
1 person likes this.

Reply 7 - Posted by: KatieJo 9/30/2020 8:47:04 AM (No. 557232)
Why should they be able to "settle" criminal charges. None of the money will go to taxpayers, more money for the government to spend on controlling our lives. They should have to do jail time.
3 people like this.

Reply 8 - Posted by: MickTurn 9/30/2020 10:02:33 AM (No. 557310)
The Fines go to the Government Goons, Where is MY CUT, I was screwed on Silver back from 2008 to today!!!!!!
1 person likes this.

Reply 9 - Posted by: heartlandconservative 9/30/2020 7:26:28 PM (No. 557791)
When you are part of the catrel, (Federal Reserve), which ain't Federal and has no reserves, everybody does this, 920 mil is chump change to these people. They will be back at it next Monday. Morgan has been hit doing this many times. This is not real money, it is computer currency.
3 people like this.

Below, you will find ...
Most Recent Articles posted by "Ribicon"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by Ribicon"
AG Barr says 'deceitful' media
portrays police as 'bastards'
7 replies
Posted by Ribicon 10/17/2020 2:28:10 PM Post Reply
Attorney General William P. Barr on Friday lambasted the national news media, saying left-leaning mainstream news outlets push false anti-police narratives and seize on a handful of incidents to portray law enforcement as “bastards.” Speaking in New Orleans at an annual police chiefs conference, Mr. Barr accused the press of “hyperventilating” when the police shoot an unarmed citizen. He said a “deceitful national media” is seizing “upon relatively few incidents to scapegoat police as a whole and cultivate a false narrative that our police are systemically evil.” Mr. Barr continued his strong attacks on the media, saying they support
New York man busted for requesting
mail-in ballots for dead mom
6 replies
Posted by Ribicon 10/16/2020 7:01:59 PM Post Reply
A Long Island man was busted for allegedly requesting two mail-in ballots on behalf of his dead mom, authorities said Friday. Suffolk County District Attorney Timothy Sini charged Wayne Tappe, a 57-year-old registered Democrat from Water Mill in the Hamptons, with two counts of offering a false instrument, a class-E felony. The arrest of Tappe comes as President Trump and New York voting rights advocates have expressed concerns about snafus including voter fraud because of the unprecedented number of mail-in ballots being filed and processed to lessen in-person voting and prevent the spread of the coronavirus.
Steve Bannon boasted 'I have Hunter's
hard drive' two weeks before its secrets
were revealed—and allies of billionaire
Chinese fugitive who pays Bannon and
partied with Rudy Giuliani hinted at 'sex
and money scandal' late in September too
8 replies
Posted by Ribicon 10/16/2020 6:43:56 PM Post Reply
Associates of a dissident Chinese billionaire made cryptic posts about 'three hard disks' about Hunter Biden which would cause 'a big money and sex scandal' almost two weeks before their release, it emerged Friday. An online post–which mentioned 'videos and dossiers'–appeared to anticipate the release of the cache of potentially damaging information about Joe Biden's son that first appeared in the New York Post this week. And on Friday a Dutch journalist revealed that Steve Bannon had boasted on September 28: 'I have the hard drive of Hunter Biden.'(Snip) The FBI has already launched a counter-intelligence investigation into the laptop.
Trump administration blocks
California wildfire relief
11 replies
Posted by Ribicon 10/16/2020 3:45:34 PM Post Reply
The Trump administration has rejected California’s request for disaster relief funds aimed at cleaning up the damage from six recent fires across the state, including Los Angeles County’s Bobcat fire, San Bernardino County’s El Dorado fire, and the Creek fire, one of the largest that continues to burn in Fresno and Madera counties. The move could heighten tensions between California and the president over wildfires. California saw record fires this year, fueled by several factors including climate change. Trump has repeatedly criticized California for its handling of fire policy, sometimes with misleading claims, and had rejected the role of rising temperatures as a factor.
Biden doesn’t get one question on Hunter
Biden exposé at ABC News town hall
13 replies
Posted by Ribicon 10/15/2020 10:32:04 PM Post Reply
Joe Biden was not asked a single question about The Post’s bombshell exposé on son Hunter Biden’s overseas business dealings during his 90-minute ABC News town hall on Thursday evening. Moderator George Stephanopoulos and undecided voters asked the Democratic nominee about everything from mandating a COVID-19 vaccine to how he’d handle a defeat on Nov. 3, but no one pressed Biden on newly unearthed emails which showed Hunter Biden selling access to his then-vice president dad.(Snip) Instead, Biden was lobbed a series of softball questions in Philadelphia on Thursday night while Stephanopoulos offered minimal pushback.
Republican senator Ben Sasse predicts
Donald Trump will 'LOSE and take down the
Senate' and says he 'kisses dictators'
butts, sells out our allies, mocks
evangelicals,' and mistreats women
32 replies
Posted by Ribicon 10/15/2020 8:39:59 PM Post Reply
Nebraska Republican Sen. Ben Sasse rips President Donald Trump for his handling of the coronavirus and says his party's president 'kisses dictators' butts' in a newly revealed audio recording. Sasse tears into the president in recorded comments from an apparent conference call with his constituents, the Washington Examiner reported–accusing him of having 'ignored' the coronavirus as it spread through the nation. He also accuses Trump of having 'treated the presidency like a business opportunity.' He also predicts that Trump will lose the election.(Snip) Some of his most searing comments come on the coronavirus–where polls show Trump is struggling against rival Joe Biden,
Exclusive: Feds chased suspected
foreign link to Trump's 2016
campaign cash for three years
18 replies
Posted by Ribicon 10/15/2020 8:08:42 PM Post Reply
Washington—For more than three years, federal prosecutors investigated whether money flowing through an Egyptian state-owned bank could have backed millions of dollars Donald Trump donated to his own campaign days before he won the 2016 election, multiple sources familiar with the investigation told CNN. The investigation, which both predated and outlasted special counsel Robert Mueller's probe, examined whether there was an illegal foreign campaign contribution.(Snip) The investigation was kept so secret that at one point investigators locked down an entire floor of a federal courthouse in Washington, DC, so Mueller's team could fight for the Egyptian bank's records in closed-door court
National Grid is forced to search for
emergency power sources due to lack of
wind–a week after Boris Johnson said
wind farms could power every home
in the UK within a decade
25 replies
Posted by Ribicon 10/15/2020 6:48:13 PM Post Reply
National Grid is being forced to search for emergency power sources due to a recent lack of wind—just a week after Boris Johnson said wind farms would power every home in the UK within a decade. The utility company, which is responsible for ensuring supply and demand are balanced in Britain's energy systems, said electricity supply margins were likely to be tight in the country over the next few days.(Snip) The UK already boasts the world's biggest offshore wind market, but Mr Johnson has outlined plans to expand that even further, wanting to create 60,000 jobs and build thousands of coastal turbines.
Risk of COVID-19 exposure on
planes 'virtually nonexistent'
when masked, study shows
13 replies
Posted by Ribicon 10/15/2020 4:09:25 PM Post Reply
United Airlines says the risk of COVID-19 exposure onboard its aircraft is "virtually non-existent" after a new study finds that when masks are worn there is only a 0.003% chance particles from a passenger can enter the passenger's breathing space who is sitting beside them. The study, conducted by the Department of Defense in partnership with United Airlines, was published Thursday. They ran 300 tests in a little over six months with a mannequin on a United plane.(Snip) Last week, the International Air Transport Association (IATA) released new research, saying the risk of contracting the virus on a plane
Cornell English department votes
to change name to distinguish
from 'English as a nationality'
27 replies
Posted by Ribicon 10/15/2020 1:53:11 PM Post Reply
The English department at Cornell University has voted to change its name in an effort to distinguish English the language from English the nationality. The department at the Ivy League university in New York voted to change its name to “the department of literatures in English” during its first faculty meeting of the fall semester earlier this month, the student-led Cornell Daily Sun reported Wednesday. The change would help to eliminate the “conflation of English as a language and English as a nationality,” English professor and Director of Undergraduate Studies Kate McCullough told the newspaper.
Newly unveiled Medusa statue in
Manhattan sends #MeToo message
10 replies
Posted by Ribicon 10/14/2020 10:56:51 PM Post Reply
This time, Medusa is the one slaying the snakes. A statue of the Greek mythological figure clutching a severed head was unveiled Tuesday as a tribute to the #MeToo movement near the Manhattan courthouse where rapist Harvey Weinstein was convicted. “This is more than a dream, it’s unimaginable,” said Argentine-Italian artist Luciano Garbati, who reinvisioned the snake-haired Medusa, turning her ancient story on its head by making her the victor against the hero Perseus. The 1000-pound figure—which will be left in place by the artist for six months—seems to relish in her win, as she stands proudly with a solemn gaze,
New report finds Black, Brown NJ
residents more exposed to coronavirus
11 replies
Posted by Ribicon 10/14/2020 10:48:44 PM Post Reply
New Jersey—A new study out Wednesday in New Jersey details why Black and Latino residents are two to three times more likely than white residents to get COVID-19, become hospitalized and die. The report calls for state action to address inequities that have resulted in more deaths in minority communities. "We are seeing this disproportionate impact across the state," said Dr. Brittany Holom, a senior policy analyst for New Jersey Policy Perspective. "This of course goes back to policies of segregating, whether it's segregated neighborhoods, segregated schools, access to nutritious food," said Holom. "The long history of structural racism in this state."
Most Active Articles (last 48 hours)
Dr. Fauci Tells Americans to 'Bite the
Bullet and Sacrifice' Thanksgiving
57 replies
Posted by Hazymac 10/16/2020 10:41:15 AM Post Reply
First, CDC Director Dr. Robert Redfield warned that sharing Thanksgiving dinner indoors with a group of loved ones was very, very dangerous. Now, Dr. Anthony Fauci, the Mendacious Midget™, is joining the chorus. In an interview with Norah O’Donnell on CBS News, the media darling said the following about the holiday: "That is unfortunately a risk, when you have people coming from out of town, gathering together in an indoor setting. It is unfortunate, because that’s such a sacred part of American tradition — the family gathering around Thanksgiving. But that is a risk. Given the fluid and dynamic nature of what’s going on right now in the spread and
FNC’s Wallace: ‘I’m Suspicious’ of NY Post
Hunter Biden Story — Giuliani Not a
‘Reliable Source’
48 replies
Posted by Imright 10/16/2020 10:57:11 PM Post Reply
Fox News Channel’s anchor Chris Wallace commented on a New York Post article that purports to show emails from Hunter Biden linking his father, former Vice President Joe Biden, to his Ukraine business dealings, Friday on “America Newsroom.”Wallace said, “I can understand the concern about this story. It is completely unverified, and frankly, Rudy Giuliani is not the most reliable source anymore. I hate to say that, but it’s just true.” He continued, “There is a story in the Washington Post in The New York Times today saying that the National Security Adviser Robert O’Brien had to tell the president in December of last year that the intelligence agencies
'NBC is an interrogation. ABC is a picnic':
Conservatives erupt in anger after Savannah
Guthrie grills Trump with a 'question every
12 seconds' - while ABC host 'forgets to ask
Biden about his son Hunter's emails
42 replies
Posted by Imright 10/16/2020 3:08:11 AM Post Reply
Conservatives have erupted in anger after NBC's Savannah Guthrie grilled Donald Trump with a 'question every 12 seconds' while ABC's George Stephanopoulos was accused of forgetting to ask Joe Biden about his son Hunter's emails.Trump and Biden both held their town halls Thursday evening, with viewers forced to choose between the clashing timetables after the president scheduled his to go head to head with his competitor. On NBC, Trump was asked about coronavirus, QAnon, his own diagnosis and his taxes by Guthrie while, on ABC, Biden spoke LGBTQ rights, court packing and the 1994 crime bill with Stephanopoulos. But Republicans voiced outrage about the president's campaign event, accusing Guthrie
Chuck Schumer: Dems Will Deny GOP
A Quorum To Advance Barrett
33 replies
Posted by JoElla Bee 10/16/2020 11:13:53 AM Post Reply
Senate Minority Leader Chuck Schumer says that Democrats will not supply a quorum with which to advance the nomination of Amy Coney Barrett to the Supreme Court. Schumer defended this move, saying that Barrett’s nomination is “illegitimate, dangerous and unpopular.” There’s no point debating Schumer on these partisan claims. The question is whether the Democrats can block Barrett’s nomination through this ploy.I don’t think they can. A quorum in the full Senate is 51 members. In the Judiciary Committee it’s nine members including two from the minority party.
Joe Biden’s town hall drew more
TV viewers than Trump’s, early
ratings show
28 replies
Posted by viola 10/16/2020 5:25:02 PM Post Reply

Joe Biden’s town hall drew more TV viewers than President Trump’s competing event on Thursday night, according to early figures. An average of 13.9 million viewers tuned in to ABC to watch Biden field questions from voters from 8 p.m. to 9 p.m., compared to 13.1 million who watched Trump do the same on NBC, MSNBC and CNBC, initial Nielsen ratings show, according to the Wrap.  Correction*

Buckle up: Hunter Biden laptop
scandal may be about to
get a whole lot worse
27 replies
Posted by Magnante 10/16/2020 7:40:28 AM Post Reply
Facebook and Twitter sacrificed the final shreds of their integrity to try to censor the N.Y. Post article revealing the existence of Hunter Biden's laptop. But in their rush to throw themselves in the path of the bullet to save Joe, there was a big problem. They forgot that Rudy Giuliani has the evidence. The N.Y. Post article was an exclusive. That means all "fact checkers" that Facebook and Twitter will unleash to fact-check the article will be based on speculation, not fact. Because they don't have the laptop. And, judging from a new video from Giuliani, things may be about to explode
Harvey Weinstein will likely die in
prison if not freed, lawyers claim
26 replies
Posted by Pluperfect 10/17/2020 4:51:28 AM Post Reply
Harvey Weinstein is broke and will likely die if he remains in prison, his lawyer said Friday at a hearing over whether the former powerhouse producer should be freed on bail pending an appeal of his Manhattan rape conviction. “[Weinstein’s] physical and mental condition has so deteriorated, I do not think it’s an overstatement to say that if he is not released as part of this application, his chances of surviving in prison are rather low,” one of his lawyers, Barry Kamins, told Judge Angela Mazzarelli during a virtual hearing in the Appellate Division First Department.
FBI probing if Russia involved in
Hunter Biden email story
25 replies
Posted by Imright 10/16/2020 4:48:31 PM Post Reply
WASHINGTON— The FBI is investigating whether emails that were published by the New York Post related to Joe Biden’s son, Hunter, are connected to a possible Russian influence operation to spread disinformation, according to a person familiar with the matter. The newspaper said in its story Wednesday that it had obtained a hard drive from Rudy Giuliani containing the emails, and that the messages were found on a laptop that had been left last year at a Delaware computer repair shop for service but never retrieved. The unlikely account of how the emails surfaced raised immediate questions about Russian involvement, particularly because U.S. officials have warned that Russia —
The Topics for the Final Presidential
Debate Have Been Announced
23 replies
Posted by Imright 10/17/2020 12:02:20 PM Post Reply
The topics for next week’s final presidential debate between President Donald Trump and Democratic presidential nominee Joe Biden have been released.Trump and Biden, as of now, are expected to meet Thursday at Belmont University in Nashville, Tennessee.The currently embattled Commission on Presidential Debates announced Friday that the candidates will discuss leadership, the coronavirus pandemic, issues of race, families, national security and climate change.(Tweet) Kristen Welker of NBC News, the moderator of the 90-minute debate, selected the topics.The debate commission called off the second debate after the supposedly nonpartisan body unilaterally decided to make the forum virtual.
NBC repositioned ‘nodding lady’
Mayra Joli behind President
during town hall without
realizing she supports him
22 replies
Posted by clayusmcret 10/17/2020 12:20:58 PM Post Reply
Arguably the biggest sensation to come out of the debacle of a town hall NBC had with President Trump was the so-called “nodding lady.” Positioned directly behind the President’s left shoulder for one of the most widely used camera angles, she was applauded by some and attacked by others for nodding her head and displaying thumbs up in agreement when the President answered many of the attack questions posed to him by Savannah Guthrie. But she wasn’t originally positioned there. Before the town hall began, a Caucasian lady was originally positioned there.
TV News Networks Bury Hunter Biden Story
with Less Than 10 Minutes of Coverage
Over 2 Days
22 replies
Posted by Imright 10/16/2020 11:08:24 PM Post Reply
As Twitter worked overtime this week to suppress the bombshell New York Post reporting about emails allegedly linking Democratic presidential nominee Joe Biden to his son’s shady business dealings, network and cable news broadcasts cumulatively gave the story fewer than 10 minutes of air time over two days.Birds of a feather flock together. NewsBusters evaluated news coverage on Wednesday and Thursday from ABC News, CBS News and NBC News, and the results are about what you’d expect.(Tweet) The legacy media outlets buried the Hunter Biden email story, as did their allies in left-wing cable news.“For Wednesday, October 14 and Thursday, October 15 MRC analysts looked at
GOP Sen. Sasse says Trump
'kisses dictators'
butts' and mocks evangelicals
22 replies
Posted by GustoGrabber 10/16/2020 4:08:01 AM Post Reply
Republican Sen. Ben Sasse excoriated President Trump in a telephone conference call with constituents this week, saying he had mishandled the coronavirus response, "kisses dictators' butts," "sells out our allies," spends "like a drunken sailor," mistreats women, and trash-talks evangelicals behind their backs. Trump has "flirted with white supremacists," according to Sasse, and his family "treated the presidency like a business opportunity." He said Trump could drive the Senate into the hand of the Democrats and cause permanent damage to the Republican Party.
Post New Article