JP Morgan Whistleblower Fearful Of ‘Wide-Scale Market Collapse’
by Alexander Higgins
March 17, 2012
‘When this Ponzi scheme finally comes down it will be unlike anything we’ve ever seen in terms of economic collapse and financial asset annihilation.’
Someone claiming to be a JP Morgan whistleblower has posted a public comment to the UC Commodities Futures Trading Commission website, warning “We Are Fearful of a Cascading Credit Event; Wide-Scale Market Collapse.”
Less than 48 hours later, it has been scrubbed.
Not entirely sure what to make of the comment as this could be a chain reaction triggered by the Goldman Sachs executive who recently resigned by publishing a scathing op-ed in the New York Times which accused the firm maintaining a toxic and destructive environment while ripping off clients.
On what hand, Marco Salvo of SHTFPlan.com takes up that argument.