darth darth bart bart chilton martin chilton bart chilton of course refuted this. may rest in peace with now know the truth actually we're going to talk in a 2nd half to craig metals report it was a guy named meister who is the head of the c f t c who absolved j.p. morgan at the time of any manipulation of the precious metals market he is now there are the lawyer for these guys now facing these charges so he absolve them as the head of the safe c f t c are in charge of the investigation but turning back to this investigation today because importantly it began as the d.o.j. the department of justice is charging them with rico racketeering charges it was may 2008 just after j.p. morgan had indeed bought bear stearns with the help of the government it was a shotgun wedding over the weekend remember that was the beginning of the real craziness of the financial crisis ben bernanke you cut interest rates by 75 basis points on a sunday night they inherited this massive short position that bear stearns had. accumulated and we're going to get into that in the next headline