Blythe Masters, JPMorgan Chase & Co. (JPM)’s commodities head, withdrew from an advisory committee of the U.S. Commodity Futures Trading Commission a day after her appointment was disclosed, according to two people with direct knowledge of the decision.
Who is Blythe and why would that be an issue?
“Blythe Masters, managing director in charge of JPMorgan’s global commodities group, spent time lobbying in Washington to dilute financial reform. By her own admission, JPMorgan’s recent speculation in coal wasn’t client driven; the risk was taken on JPMorgan’s behalf. The Dodd-Frank Financial Reform Bill does nothing to prevent a repeat — or even a potentially worse — debacle.”
Gee, it’s only been a few years… who would have remembered?
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