Friday, May 3, 2013

"Who Leaked the JPMorgan Chase FERC Document to the New York Times?"

From John Carney's NetNet at CNBC:
The New York Times is still in exclusive possession of a confidential government document recommending that the Federal Energy Regulatory Commission sue several individuals at JPMorgan Chase over alleged "manipulative schemes" in connection with energy trading in California and Michigan.


I can confirm that the document exists and recommends official actions against the JPMorgan executives. But the document itself remains elusive.

As does the question of who gave it to the Times.
JPMorgan sources initially said the company believed the document was leaked by FERC. Later, it said that it was unclear who leaked the document, but that it was clear whoever leaked it was trying to make the bank "look bad by telling one half of the story."

"It is full of salacious and inaccurate BS," one person familiar with the matter said. 

A government source familiar with the matter denies the leak came from FERC. This source believes the leak came from JPMorgan itself, in an attempt to prepare the market in advance of the filing of an actual lawsuit....MORE
Earlier:
Shades of Enron: JP Morgan in the Power Business (Blythe Masters is a fibber) JPM