Superbly written articles on Interest Rate Swaps and JP Morgan
www.financialsense.com/fsu/editorials/kirby/2009/0831.html"
news.goldseek.com/GoldSeek/1249407911.php"
Now you know why JP Morgan never seems to get caught up in any type of mark to market shenanigans. They are in consort with the Fed and Treasury in controlling the global bond market. They get a pass because of their $60Trillion in Derivatives exposure. The government will do what ever it needs to be done to make JP whole, otherwise the system spirals down. This is why they were handed Washington Mutual.
This is why central bankers keep printing money. They have no choice, Someone has to finance/hedge these swap positions. They flood the market with treasuries, forcing real interest rates lower, so that the dealers who are involved in these IR Swaps can stay afloat.
The entire system has become perverted.
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