The Trump appointed head of the World Bank, David Malpass, has resigned. For those who need a refresher: the head of the WB, a Bretton Woods institution, is appointed by the President of the United States because of a deal made at that 1944 conference. The head of its sister institution, the International Monetary Fund, is under the same deal always a European (chosen by the IMF's own executive board.) Anyway: Malpass is leaving -- the reasons why are not obvious -- and his departure means that President Biden has an appointment opportunity he had not expected. On Malpass' way out the door, I want to make one point about his earlier career as a business executive and economist. Malpass was the Chief Economist at Bear Stearns for six years. Those happened also to be the last six years of the existence of Bear Stearns as an independent entity. The post of Chief Economist disappeared when Bear was purchased by JPMorgan Chase in March 2008, as the Subprime Crisis of...
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Was JPMorganChase manipulating the price of silver and/.or silver futures in the markets in 2010-11? I submit that the question is one of historical importance, not of importance merely to the parties directly involved in the litigation captioned above. Further, I expect that a trial on this question will aid the historians of posterity, bringing to light valuable data on this point, and thus on the significance of precious metals as a Magoffin in the post-Crisis financial world. If you're a law student, and are taking the Civil Pro course, dear reader, this case might also be a valuable introduction for you into the vagaries of pleadings law. http://www.reuters.com/article/us-jpmorgan-lawsuit-silver-idUSKBN15G4Z But let's get back to the point: WHY is this case of historical importance? It may clarify judges and parties' attitudes toward the traditional Precious metals, gold predominantly but silver as well, once thought of as the paradigmatic form of Money. ...