"Also, by the way, why not NAME the sinister manipulative banks in question? Why not ask them outright as to the motives behind their positions (or better yet, who their clients were) and whether or not they acted in a "willfully nefarious" manner? Conclusion: One can take any database and make it suit their conspiracy argument. That, however, does not make for proof of any kind."Mr. Nadler was asking for a bank to confirm it was arbing the COMEX-OTC spread, which in turn would unwind his defense argument, and lend credence to the claim that some players, due to their massive scale, succeed in manipulating the silver (or gold) market by profitably spreading the legs of the trade in two completely different markets and arbing this spread. For the longest time, people looked exclusively at JPMorgan for clues. Boy, were they wrong. . .and are they about to be surprised that in addition to almost blowing up the world, AIG FP has admitted that it itself, as the de facto risk mastodon and suicide bomber under Joe Cassano, with "$426 billion in total on and off balance sheet risk equivalent delta," was precisely just this spread manipulator. But don't take our word for it—see AIG's production document (pgs. 34–35).
Was AIG Also a PM Manipulator?
Source: Zero Hedge, Tyler Durden (7/1/10)
"Don't take our word for it. Take AIG's—see production document"