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JAN 11, 2013 - Zero Hedge

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FleeceBook: Meet JP Morgan's Matt Zames

Previously, in our first two editions of FleeceBook, we focused on "public servants" working for either the Bank of International Settlements, or the Bank of England (doing all they can to generate returns for private shareholders, especially those of financial firms). Today, for a change, we shift to the private sector, and specifically a bank situated at the nexus of public and private finance: JP Morgan, which courtesy of its monopolist position at the apex of the Shadow Banking's critical Tri-Party Repo system (consisting of The New York Fed, The Bank of New York, and JP Morgan, of ... Read More

Tags: FleeceBook: Meet JP Morgan's Matt Zames,  Hedge Funds Latest News