well it protects the interests of the c.m.e. group and there had germany over dollar based interest rate swaps and like i said the other derivatives. and basically it's it's about protecting entrenched interests so that's about it and then what about how does this relate to the failed merger if you believe there is any any correlation between the new york stock exchange euro next and deutsche borse earlier this year that ten billion dollar deal that the e.u. blocked in february. well that was an interesting deal because it looked like it was all systems go for a for almost down to the wire and then at the last minute it was next in brussels so maybe this is some kind of payback i don't know i could jump to that conclusion but but there is definitely a failed merger there was detrimental to the u.s. interest and on the competition front you say that there's going to be some new competition from the east that could rival the west well how does that factor in with global markets. definitely we've seen in hong kong they're building up the

trade and they know that they'll get a price spike on the upside that they then cash in on so c.m.e. group which operates nine x. ordered j.p. morgan to pay a fine for this max. thirty thousand dollars which the article points out is equivalent to just over one millionth of j.p. morgan's total employee compensation last year of twenty nine billion dollars j.p. morgan also neither admitted nor denied the rule violations it's not a fine stacy herbert is a bribe there's a difference between a fine and a bribe if you pay a regulator a small amount of money like this so that they don't prosecute you for breaking the law that's not a fine that's a broad regulators are as culpable as j.p. morgan the rating in cities and mainstream media in perpetrating this fraud that's causing people in athens to blow their brains out jump out of buildings and all kinds of mayhem and how much by the way of their losses on silver were they covering at that time at the same time because you have maintained that you know a lot of people say oh max keiser who cares about jamie diamond's huge massive short position i

clear of interest where it swaps and other derivatives in europe and their biggest competitor is a c.m.e. group here in the u.s. and together they almost split down the middle the seven hundred trillion dollar notional that zero point seven quadrillion dollars. global derivatives business so there is a bit of an attack on the fiscal side and we also see that between merkel and the people at the e.c.b. and even in greece so there is that element there but i would say on the central banker front they're more or less united ok and with for example just to kick the tires a little bit on what you're talking about how would that d.o.j. probe of the l c h how would that possibly benefit the united states. will it protects the interests of the c m e group and there had germany over dollar based interest rate swaps and like i said the other derivatives. and basically it's it's about protecting entrenched interests so that's about it and then what about how does this relate to the failed merger if you believe there is any any correlation between the new york stock exchange euro next and deutsche borse ea