>>2630171 pb RBS link Say it 'aint so JYS!!!! Ha Ha JK
This may have been the counter-party to Paulsen's set-up. See they all figured out how to build a house, insure it via CDS's (see Blythe Masters) and then be ALLOWED to set it all on fire.
Blythe is quite a character. She was let loose on the comm mkts around 07-08.
Plenty of people who bought big qts of phys are really pissed at that robbery. They topped it all off with MF Global
https://money.cnn.com/2011/12/19/news/companies/mf_global/index.htm
https://www.huffingtonpost.com/janet-tavakoli/mf-global-jpmorgan-produc_b_1401059.html
These articles are erroneous. JPM had issues with its massive silver short. Effectively JPM's margin call on it's over-leveraged metals trade was handed over to John Corzine to solve. His solution is reflected in the huffpo art.
It was also 10x that amount. The settlement(s) were mostly BS. I know.