Awakening Americans: Behind the scenes intelligence briefings ALL patriot Americans MUST know…the REAL facts and truth the corporate-controlled fascist, extortion-friendly U. S. media covers up
EXPLOSIVE Back Breaking News
JP Morgan-MF Global-Euro Gate Escalates
by Tom Heneghan
International Intelligence Expert
Sunday March 25, 2012
UNITED STATES of America – It can now be reported that the U.S. Senate Committee on Banking has new evidence showing that JP Morgan had a $200 million overdraft aka a second margin call on the London LIFFE Exchange three days before the MF Global bankruptcy fiasco was triggered.
The second margin call (the first margin call was four days earlier for $175 million) dealt with cross-collateralized, compounded naked euro currency put options that were written by JP Morgan with the transactions being placed through the CME Group and the aforementioned London LIFFE Exchange.
We can now divulge that, thanks to PROMIS software, MF Global took the opposite side of the trade.
Note: The fact that MF Global took the opposite side of the trade is a significant development and it completely torpedoes the ISDA’s (International Swaps and Derivatives Association) legal standing that declared the latest Greek bailout a non-credit event rather than what it really is, a Greek default.
The ISDA’s decision has temporarily rewarded crooked banks, as well as Goldman Sachs and JP Morgan, and screwed the hedge funds as well as the looted customer segregated accounts that were tied to MF Global.
The fact that two margin calls were issued in a span of one week against JP Morgan is clearly a game changer.
The first margin call aka the overdraft was triggered when the JP Morgan SWIFT wire transfer (to pay for their derivative trades) was rejected by the London LIFFE Exchange after the Dallas Federal Reserve Bank refused to honor the JP Morgan float aka line of credit.
Dallas Fed President and CEO Robert W. Fisher actually notified the New York Fed on that day that JP Morgan was using TARP money (Troubled Relief Asset Program) to write their euro currency option derivatives.
This illegal trading done by JP Morgan violated the terms of the 2008 Bush-Pelosi bank bailout that forbid banks like Goldman Sachs and JP Morgan from using U.S. Taxpayers’ money to engage in any type of derivative trading.
What followed was the largest 24-hour crime spree aka money laundry in financial history.
Forty-eight hours after JP Morgan’s line of credit was rejected (their electronic check bounced creating an overdraft), a second larger margin call was issued to JP Morgan, which set off the following change of events:
Immediately financial terrorist Jamie Dimon, CEO of JP Morgan phoned Federal Reserve Chairman Bernard Bernanke, U.S. Treasury Secretary Timothy Geithner and CFTC Chairman Gary Gensler and discussed his predicament.
Within an hour the CME Group re-issued the second margin call singling out only MF Global and removing JP Morgan from its liability.
Fifteen minutes later Jamie Dimon called MF Global CEO Jon Corzine threatening his life and demanding that MF Global meet the $200 million margin call that was originally issued for JP Morgan.
One hour later the crooked ISDA ruled the MF Global trades to be null and void, which then allowed JP Morgan and Jamie Dimon to short the MF Global stock and then, with the approval of the Federal Reserve Bank of New York laundered the proceeds into the London LIFFE Exchange, and issued new naked derivatives which would be used in the latest Greek-Euro bailout ponzi scheme.
Note: Dallas Federal Reserve President and CEO Richard W. Fisher immediately phoned Fed Chairman Bernanke to protest this latest JP Morgan money laundry involving customer segregated accounts.
Bernanke told Fisher, and I quote “Timothy Geithner calls the shots”.
Reference: The Federal Reserve Bank of New York tried to disguise this ponzi scheme by first moving the MF Global customer segregated funds through the Dominion Bank of Toronto, Canada and then on to the London LIFFE Exchange.
At this hour we can divulge that Dallas Fed President and CEO Richard W. Fisher is cooperating with U.S. Marshals who are investigating this financial treason and will shortly offer his resignation.
P.S. We can now also report that JP Morgan and MF Global had a joint custodial account with a side clearing agreement with the noted derivative clearing house Maiden Lane LLC.
We can now also reveal that the joint JP Morgan-MF Global custodial account had a common email address with the financial officers of both JP Morgan and MF Global having access and ability to receive and send emails to each other.
This joint account specialized in using crooked high-frequency trading aka 3-second electronic front running in creating artificial wide spreads in the forex foreign currency futures markets that guaranteed that both MF Global and JP Morgan could not lose on any of their foreign currency transactions.
In other words, folks, both Jamie Dimon and Jon Corzine were running a ponzi scheme.
P.P.S. We can now report that the crooked CFTC, NFA and SEC issued a clean audit report for both MF Global and JP Morgan three months before the aforementioned MF Global-JP Morgan financial debacle.
It is clear the alleged financial regulators were bribed because new evidence now in possession of Senator Carl Levin, Democrat of Michigan, indicates that JP Morgan was in violation of both CFTC and SEC rules concerning proper capitalization of their assets versus their margined derivative liability exposure.
We can now divulge that at the time the JP Morgan audit was issued its margined derivative exposure exceeded their capital assets by 2500 to 1.
Note: Word is out on the street that JP Morgan made a deal with the crooked aforementioned financial regulators to throw their broker dealers under the bus in return for the regulators to look the other way when it came to JP Morgan’s massive financial criminal misconduct.
In closing, we can divulge that thanks to the efforts of patriotic elements of the U.S. military, the U.S. Marshal Service, International Monetary Fund President Christine Lagarde and Russian President Vladimir Putin, the repatriation of U.S. dollars back to the U.S. Treasury continues, which will lead to the final implementation of the Wanta-Reagan-Mitterrand Protocols.
Tom Heneghan’s EXPLOSIVE Intelligence Briefings