Tuesday, May 24, 2011

Reuters: UK Gov't Committee Investigating Activities of 4 LBMA Warehouse Firms, Includes JP Morgue

Reuters reports that a UK gov't committee is investigating the activities of 4 LBMA firms that hold registered bullion LBMA supplies, including JP Morgue.
We are confident Jamie is in the process of verbally abusing Blythe about how she could have allowed the UK of all people to perform such an investigation.  The UK! The CFTC is wrapped around our balls, and The UK has the audacity to investigate The Morgue???
RTRS-UK GOVT COMMITTEE SAYS IT BRINGS ACTIVITIES OF LARGE DEALERS ON  LONDON METAL EXCHANGE TO ATTENTION OF OFFICE OF FAIR TRADING

RTRS-UK GOVT COMMITTEE SAYS 4 LARGE COMPANIES OWN LME-REGISTERED  WAREHOUSES, CALLS THAT “RESTRICTVE”
RTRS-UK COMMITTEE NAMES JPMORGAN <JPM.N>, OWNER OF WAREHOUSER HENRY  BATH, AS ONE OF THOSE 4 COMPANIES
RTRS-UK COMMITTEE SAYS WOULD BE CONCERNED IF OWNERSHIP OF WAREHOUSES  BY DOMINANT DEALER ON LME WAS ANTICOMPETITIVE
RTRS-LME SAYS MINOR METALS TRADE ASSOC. ASSERTION TO UK PARLIAMENT ON  METALS WAREHOUSING IS “UNJUSTIFIED AND COMPLETELY OUT OF CONTEXT”