The CFTC’s website may not be digital real estate as valuable as the New York Times, but the whistleblower letter from a JP Morgan employee, admittedly following in the footsteps of Greg Smith’s resignation letter from Goldman Sachs, is raising some eyebrows. Among the key allegations:

• Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD.
• However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.
• I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global.

You can read the full letter here. To be fair, if you read through it in its entirety, the language and composition is strange- maybe even suspicious. In any case, add this to the stack of evidence supporting the suggestion that investors work with smaller firms and banks.