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[Blockierte Grafik: http://www.silverdoctors.com/w…012/11/Blythe_Masters.jpg]
http://www.zerohedge.com/category/tags/blythe-masters
http://www.zerohedge.com/news/…ation-federal-prosecutors
10th April 2014
but what we find most striking is the following revelation: "Masters is under investigation by federal prosecutors in Manhattan, according to two people with knowledge of the matter.
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Blackstonne executives wondered whether there could be more to it than the bank was letting on, said one of the people. Given that Masters might end up as the public face of Blackstone’s commodities business, they were wary, this person said.
Macquarie also was wary about potential legal issues, said one of the people. The bank didn’t want any unforeseen developments to harm its reputation in the U.S. energy markets.
(..)
So to give you a specific example, we store significant amount of commodities, for example, silver, on behalf of customers we operate vaults in New York City, Singapore and in London. And often when customers have that metal stored in our facilities, they hedge it on a forward basis through JPMorgan who in turn hedges itself in the commodity markets. If you see only the hedges and our activity in the futures market, but you aren't aware of the underlying client position that we're hedging, that would suggest inaccurately that we're running a large directional position. In fact that's not the case at all.
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http://www.huffingtonpost.com/tag/blythe-masters
Blythe Masters Is Under Investigation By The Feds
http://www.huffingtonpost.com/…ters-probe_n_5132078.html
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http://seekingalpha.com/articl…ers-leaves-jpmorgan-chase
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Goldman Sachs, JP Morgan Chase: Pulling an Enron With Commodities
http://www.huffingtonpost.com/…p-morgan-c_b_3632901.html
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