How is JPM going to weasel out of this?
Naked shorting is illegal. Any odds that nobody will go to jail? If I tried this, I’d be looking at some serious slammer time.
Easy. Guess who they tapped to head up their London offices a few years ago? Soros.
Easy. Just contribute a couple of hundred thousand dollars to the DNC and to Obastard’s re-election campaign and the charges will simply disappear.
They cornered the copper market on the long side to hedge and effectively neuter the damage on their short silver position.
“How is JPM going to weasel out of this?”
JPM is doing this on behalf of the Fed and the US Government. The government will weasel them out of it one way or another.
Probably by restrictions on the volume of call options for the physical delivery on their contracts
It’s not like there are rules and laws anymore. They make up the rules as they go with this crew.