So here it is…
JP Morgan surprise press conference to report new $2 bln losses
“The JP Morgan Treasury / Chief Investment Office is purportedly carrying losses of up to $4.5 bln and the same would be disclosed in a press conference in detail in a few minutes. The CIO’s Office carries Synthetic hedges betting the CDS index and the so called Whale trader was carrying a large position against the general market reported just before results.”
“Most of the $2 bln in synthetic hedge losses have landed up after Q1 results and “any individuals found to be responsible after these positions were discovered will be dealt with”
Wow! Here’s an excerpt from the “2012 Timeline on the Road to RootaA” article:
“Watch for the CDS losers to set up some “rogue traders” to take the hit for massive losses.”
This is a very big HIT as it confirms that the take down of the Banking Cabal began in March with the Greek semi-default. Just wait for June when Greece plans on WALKING AWAY from their debts and destroying the entire CDS market!
Here’s the rest of the Timeline article and I will be updating it again next week.
2012 Timeline on the Road to RootA
http://www.roadtoroota.com/members/794.cfm
This is a Private Road Article[Paid, that is] that you can sign up for here if interested:
http://www.roadtoroota.com/public/10.cfm
May the Road you choose be the Right Road.
Bix Weir
