Yeah and JP Morgan is the custodian of the biggest silver ETF. They don't come any more crooked.
The game was created by crooks and is run by crooks for crooks. The CFTC is part of the crooked game but likes to show the world that it is the genuine "regulator" by occasionally "fining" crooked banks for crooked activities. Pure smoke and mirrors especially considering any fines the crooks have been subjected to don't come close to the profits of their illegal activities.
Any genuine regulator would have booted JP Morgan out of the game decades ago.
Don't hold your breath about Basel 111, but its irrelevant anyway from what I can see as this whole thing is spiralling down the gurgler.
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