Wednesday, November 14, 2012

JP Morgan Electric Tariff Suspended

A friend reports in:

If there's market volatility amongst multiple asset classes tomorrow, this might be why:

The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday suspended the electric market-based rate authority of JPMorgan Chase & Co's energy trading units for submitting false information to the commission. 
In a release, FERC said the suspension prohibits the U.S. bank's JP Morgan Ventures unit from selling power at market-based rates for six months effective April 1, 2013.


  1. Looks good on the scumbags. Now FERC can tackle Blyth and Jamie for the silver manipulation as Bart of the CFTC has no balls.

  2. OK, when does an Air Force General come in? We need some strippers to keep up the erotica up in this story. Oh, and we need a sniper. Snipers are always a bonus for action. I wonder if one of those Secret Service guys are involved.

    I would say this could end up like Mission: Impossible or 24, but it's been going towards Blazing Saddles, unfortunately at the expense of the soldiers and civilians.