JP Morgan’s CEO Neither Admits nor Denies its the Next Enron – Will Pay $410M Fine from Petty Cash or Personal Check

Bloomberg reports JP Morgan has agreed to pay a $410 penalty over allegations it manipulated U.S. electricity markets. 
https://www.ferc.gov/media/news-releases/2013/2013-3/07-30-13.asp#.Ufe7oo1fA56
Now that the previously reported “fine” of $400 million which the firm just got slapped with following its manipulation of various energy markets, is fact…
JPMORGAN AGREES TO PAY $410 MLN TO SETTLE U.S. ENERGY PROBE
… One may say JPM has just admitted it is the next Enron. One would be wrong: “JPMVEC admits the facts set forth in the agreement, but neither admits nor denies the violations.” In other words, JPM is a Schrodinger Enron: it admits the facts that the company best known for manipulating electricity – a charge which in 2000 was enough to crush the company, and which is now a fine equal to 0.4% of the firm’s $99.5 billion in revenues – but neither admits nor denies this.
But the biggest question plaguing Jamie Dimon this morning, is whether he will pay the $410 million FERC find with a personal check… or petty cash.
http://www.zerohedge.com/news/2013-07-30/only-question-jamie-dimons-mind-morning-when-jpm-neither-admits-nor-denies-it-next-e
Let’s cut the crap. Jamie Dimon for Fed Chair.
https://twitter.com/leepacchia/status/362051065866227713

JPMorgan Chase & Co. (JPM) manipulated power markets in California and the Midwest, the U.S. Federal Energy Regulatory Commission claimed in a proceeding that sets up a settlement to be announced as early as today.
A JPMorgan trading unit gamed wholesale electricity markets from September 2010 to June 2011, leading to overpayment of “tens of millions of dollars at rates far above market prices” in California alone, FERC staff said in a Notice of Alleged Violations yesterday.
The nation’s biggest bank and its chief energy-market regulator have agreed to settle the matter with sanctions that include a fine of about $400 million, according to a person familiar with the case who asked not to be identified because the terms aren’t yet public. Brian Marchiony, a JPMorgan spokesman, declined to comment on the FERC action.
“JPMorgan picked the pockets of California households and businesses, and their manipulation increased the electric bills that people pay,” said Tyson Slocum, director of the energy program at Public Citizen, a Washington-based consumer advocacy group.
http://www.bloomberg.com/news/2013-07-29/jpmorgan-accused-of-manipulating-energy-markets-in-u-s-.html
The JP Morgan Trade Diagram
http://farm3.staticflickr.com/2835/9402452718_46943e558e_b.jpg

Keiser Report: No jail for banksters in real world Monopoly