What is a bank supposed to do after manipulating the commodities’ markets? When the bill comes due, they can try to sell this portion of their business or find a strategic partner. Which strategic partner would that be? I can only think of one partner in crime named Ben Bernanke? Which means that once again, the people will pay for this “bail-out”. Or is this a variation of the “bail-in”? I am losing track of the different ways the government, banks and Federal Reserve at redistributing our wealth. But then our “wealth” transfer is only a means of control.
Options include sale, spin-off, or strategic partnership as they re-confirm that they are “fully committed to traditional banking activities,” as they look to drop the holdings of commodities assets and the physical trading business. We can only assume that “physical commodities” include the company’s extensive inventories of tungsten (as well as the vault housing it), and not so extensive stores of gold and silver. That said, we are confident that the collapse in represented (but not warranted) JPM Comex gold vault holdings to a record low, and this news is completely unrelated.