Even IF you do NOT understand ALL details, it matters not.
The question to ask, WHY NOW?
What reason/s for a sudden NAZI JP MORGAN hype, expose of this type?
For what are we being readied, prepared?
I've made a few guesses.
Am NOT 100% sure.
But, an astute commentator remarks in a COMMENT section, below, guess who foots the bill when a NAZI JP MORGAN derivative, speculative, Whale goes belly up??
I bring it to people's attention to watch, note, a sort of heads up, BECAUSE, I believe it a precursor to an equal bombshell, explosion, of some sort, with MAJOR repercussions like that of Exxon/Iraq, recently.
I chose THIS link ONLY because it has videos and FURTHER connections embedded which you can follow yourselves if you wish.
To give you an idea, ESTIMATED DERIVATIVE VALUES traded 10 TRILLION DOLLARS, GIVE OR TAKE A FEW, I GUESS!!
A characteristic, juicy, EXCERPT, first, leading into a report which follows just underneath:
'London Whale’
"...The trader became such a big client of credit-derivatives dealers that some started calling him Voldemort, the Harry Potter book-series villain so powerful he simply was referred to as “He Who Must Not Be Named,” said one fund manager, who asked not to be identified because his firm does business with JPMorgan. Iksil also has been dubbed the “London whale,” another trader said.
Iksil joined JPMorgan in 2005, according to his career- history record with the U.K. Financial Services Authority. He worked at the French investment bank Natixis (KN) from 1999 to 2003, according to data compiled by Bloomberg. Public records showing Iksil’s date of birth couldn’t be located..."
FROM:http://www.bloomberg.com/news/2012-04-09/jpmorgan-trader-iksil-fuels-prop-trading-debate-with-bets.html
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