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Well my money in lent to banks that lend to each other, so this could just as easily apply to anyone. Nobody really controls the T bill market.

hklijlyh 2y ago
[flagged]
- jc6 2y ago
  Its a J P Morgan report. They are just nudging Buffet to spend that cash pile on something instead of sitting on it.
  - yyggvbb 2y ago
    Ok I changed my mind it’s not Russian propaganda lol
belter 2y ago
> Nobody really controls the T bill market. "Lawsuit accuses 22 banks of manipulating US Treasury auctions" (2015) - https://www.cnbc.com/2015/07/24/lawsuit-accuses-22-banks-of-manipulating-us-treasury-auctions.html https://www.cnbc.com/2015/07/24/lawsuit-accuses-22-banks-of-... "JPMorgan probed over market manipulation of Treasury securities" (2020) - https://www.fnlondon.com/articles/jpmorgan-probed-over-market-manipulation-of-treasury-securities-20200318 https://www.fnlondon.com/articles/jpmorgan-probed-over-marke...
- ddtaylor 2y ago
  Anyone can file a lawsuit for anything: * Casey v. Citibank (2010): In this case, a customer named Paul Casey filed a lawsuit against Citibank claiming that the bank owed him the money for the bailout it received during the financial crisis. Casey argued that because he was a taxpayer, he was entitled to a share of the funds Citibank received from the government. The court dismissed the case, stating that taxpayers do not have a direct claim to bailout funds allocated to private companies. * Bernstein v. JPMorgan Chase (2012): Richard Bernstein filed a lawsuit against JPMorgan Chase, alleging that the bank had "caused" the stock market crash of 2008 and subsequently the loss of his investments. He claimed that JPMorgan's actions led to a decrease in the value of his retirement accounts. The court dismissed the case, ruling that Bernstein's claims were speculative and lacked concrete evidence of causation and direct harm. * Liversidge v. Goldman Sachs (2013): Alan Liversidge sued Goldman Sachs for what he called "psychological damages" stemming from the bank's involvement in the financial crisis. Liversidge claimed that the bank's actions had caused him emotional distress and anxiety, leading to various health problems. The court found the claims to be without merit, as there was no legal basis for recovering damages for generalized emotional distress caused by market fluctuations.
  - belter 2y ago
    Yeap nothing to see here, the T-Bills market can't be manipulated... "Former Bank Employee Pleads Guilty to Manipulating U.S. Treasury Securities Prices" - https://www.justice.gov/opa/pr/former-bank-employee-pleads-guilty-manipulating-us-treasury-securities-prices https://www.justice.gov/opa/pr/former-bank-employee-pleads-g... "JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets" - https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-... "NatWest Markets Pleads Guilty to Fraud in U.S. Treasury Markets" - https://www.justice.gov/opa/pr/natwest-markets-pleads-guilty-fraud-us-treasury-markets https://www.justice.gov/opa/pr/natwest-markets-pleads-guilty...
  - relaxing 2y ago
    What the hell, man? This is some bad faith posting. Those examples weren’t just anyone. The second one was the SEC and it was proved. https://www.sec.gov/news/press-release/2020-233 https://www.sec.gov/news/press-release/2020-233 The first one is large public pension funds and the case is still in discovery, although it seems the big players got better at covering their tracks in the wake of the LIBOR fixing scandal.

hklijlyh 2y ago

[flagged]

jc6 2y ago
Its a J P Morgan report. They are just nudging Buffet to spend that cash pile on something instead of sitting on it.
- yyggvbb 2y ago
  Ok I changed my mind it’s not Russian propaganda lol

belter 2y ago

> Nobody really controls the T bill market. "Lawsuit accuses 22 banks of manipulating US Treasury auctions" (2015) - https://www.cnbc.com/2015/07/24/lawsuit-accuses-22-banks-of-manipulating-us-treasury-auctions.html https://www.cnbc.com/2015/07/24/lawsuit-accuses-22-banks-of-... "JPMorgan probed over market manipulation of Treasury securities" (2020) - https://www.fnlondon.com/articles/jpmorgan-probed-over-market-manipulation-of-treasury-securities-20200318 https://www.fnlondon.com/articles/jpmorgan-probed-over-marke...

ddtaylor 2y ago
Anyone can file a lawsuit for anything: * Casey v. Citibank (2010): In this case, a customer named Paul Casey filed a lawsuit against Citibank claiming that the bank owed him the money for the bailout it received during the financial crisis. Casey argued that because he was a taxpayer, he was entitled to a share of the funds Citibank received from the government. The court dismissed the case, stating that taxpayers do not have a direct claim to bailout funds allocated to private companies. * Bernstein v. JPMorgan Chase (2012): Richard Bernstein filed a lawsuit against JPMorgan Chase, alleging that the bank had "caused" the stock market crash of 2008 and subsequently the loss of his investments. He claimed that JPMorgan's actions led to a decrease in the value of his retirement accounts. The court dismissed the case, ruling that Bernstein's claims were speculative and lacked concrete evidence of causation and direct harm. * Liversidge v. Goldman Sachs (2013): Alan Liversidge sued Goldman Sachs for what he called "psychological damages" stemming from the bank's involvement in the financial crisis. Liversidge claimed that the bank's actions had caused him emotional distress and anxiety, leading to various health problems. The court found the claims to be without merit, as there was no legal basis for recovering damages for generalized emotional distress caused by market fluctuations.
- belter 2y ago
  Yeap nothing to see here, the T-Bills market can't be manipulated... "Former Bank Employee Pleads Guilty to Manipulating U.S. Treasury Securities Prices" - https://www.justice.gov/opa/pr/former-bank-employee-pleads-guilty-manipulating-us-treasury-securities-prices https://www.justice.gov/opa/pr/former-bank-employee-pleads-g... "JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets" - https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-... "NatWest Markets Pleads Guilty to Fraud in U.S. Treasury Markets" - https://www.justice.gov/opa/pr/natwest-markets-pleads-guilty-fraud-us-treasury-markets https://www.justice.gov/opa/pr/natwest-markets-pleads-guilty...
- relaxing 2y ago
  What the hell, man? This is some bad faith posting. Those examples weren’t just anyone. The second one was the SEC and it was proved. https://www.sec.gov/news/press-release/2020-233 https://www.sec.gov/news/press-release/2020-233 The first one is large public pension funds and the case is still in discovery, although it seems the big players got better at covering their tracks in the wake of the LIBOR fixing scandal.