Calling a spade a spade.6 Mar 2020 09:57
After Tues’s meeting in London, I had a post on my views taken down on this BB on Wed morning.
Having had another 48 hours to reflect on the spectre of litigation against me, I am going to use published references for all my points, as I don’t want accused of libel or defamation .
I have lost enough of my ‘hard earned’ not to want the Big Boys legal Rottweilers ( source Times, 5/3/20, p39) bankrupting me.
Times , 5/3/20, p41, Thomas Staley is quoted on how JPM had no conflict of interest in trying to place SXX Bonds whilst a subsidiary (Highbridge) shorted SXX heavily. Well answer this :-
1. When did SXX and JPM start discussions on the Bonds?
2. When did Highbridge start their shorting position in SXX?
Oh, Thomas! Must be a coincidence as JPM are an ethical company with Chinese Walls, etc.
Well, (source Times,4/3/20, p39) an in depth piece on the history of JPM with Jeffrey Epstein and Bernie Madoff shows the darker side to JPM. Praise to the Times team of Emily Godsen, Katherine Griffiths and Alastair Osborne for shedding light on a matter that definitely merits further digging.
Source - Times, 5/3/20, p39 - brokers including JPM have shared £16m on this Failure.
Bigger question to the Times team - how much did Highbridge make from shorting SXX? Will make Fraser’s payoff and the above £16m seem modest. And please also investigate other actions of Highbridge in separate dealings where they have made big bucks for their JPM masters.
I am sure if I was to be taken to court, but had a jury composed from the 85000 that I would be acquitted, but this is how BIG BIS operates.
I could say much more on this subject, but not on this BB. I have posted previously on the main reason SXX has reached this sad end, but please do not let Fraser (Times, 4/3/20, p38) blame anyone but himself for this shameful situation.
The BOD will get their pay day at the end of March, and Fraser + Staley can also look forward to another big pay day when they leave AAL having signed a NDA.
I will not post again on this BB in the light of legal issues from calling a spade a spade.