Captured! Boston Bombing Suspect Discovered in Watertown, Massachusetts

Previous Posts:
Manhunt in Massachusetts
Praying for Boston and the Victims After the Marathon Bombing
On Snark Amendment:
Twitterstorm Over Media Chaos in Boston, Then FBI Smackdown
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Timeline of the Manhunt via NBC News

From NBC News

Boston bombing suspect Dzhokhar Tsarnaev was under heavy guard in serious condition Saturday morning -- at the same hospital where victims of Monday's bombing are still recovering.
Federal investigators were waiting to question Tsarnaev, 19, a naturalized U.S. citizen of Chechen origin, hoping to uncover a motive for horrendous attacks that bookended a week of terror.



. . . A door-to-door manhunt had just ended when a Watertown resident noticed blood on the tarp covering a boat in his backyard, peeked under and found the suspect, a relative told TODAY.

After a tense standoff punctuated by several bursts of gunfire, police grabbed the accused bomber, unleashing a celebration that had people cheering "USA! USA!" and dancing in the streets outside Fenway Park.

"CAPTURED!!! The hunt is over. The search is done. The terror is over. And justice has won," the Boston Police Department tweeted minutes later.

The Petraeus Plot Thickens

source: paulkatcher.tumblr

Complete Overview of Story from Mother Jones

BBC News: The Cult of the American General

Jill Kelley's 911 Call requesting help for the threatening emails,
via Piers Morgan CNN Transcript

MORGAN: Right. The woman at the center of all this, this woman, Jill Kelley -- let's turn to you, Suzanne, on this. I want to play a tape. It's a 911 tape of Jill Kelley calling the Tampa police near her home to complain about people who were around the house, citing her status as apparently an honorary consul. Let's listen to this.

(BEGIN VIDEO CLIP)

JILL KELLEY, FLORIDA SOCIAL LIAISON: You know, I don't know if by any chance -- because I'm an honorary consul general so I have inviolability so I shouldn't -- they should not be able to cross my property. I don't know if you want to get diplomatic protection involved as well, but now, because that's against the law to cross my property because this is not, like, you know, it's inviolable.

UNIDENTIFIED 911 DISPATCHER: All right. No problem. I will let the officers know.

KELLEY: Thank you.

(END VIDEO CLIP)

MORGAN: Now, Suzanne, she seems to be laboring under some massive misapprehensions here. She's not entitled to any diplomatic immunity like this, right?

SUZANNE KELLY, CNN INTELLIGENCE CORRESPONDENT: No, she's not. I mean as an honorary, she's really not entitled to any of that. And -- but you know, I think we're such like -- we're looking for information into who she is and what we know about her and all of this, so this is really the first time we've heard from her in her voice and you can read into it what you want to. But no, she's not entitled to any of that.

MORGAN: I mean I'm getting the feeling watching her over the last two days, we've had the yellow dress, the pink dress, she's dressed to the nines, fully made up, looking very -- and I hate to say this, but looking like she's rather enjoying all the attention that she's receiving. We now believe, you know, if you believe what the people close to General Allen were saying, that she had contacts with all sorts of high ranking military officials.

Jonathan Turley: Jill Kelley Claims “Honorary” Diplomatic Status

Last night, while discussing the Petraeus scandal on CNN, the network played a 911 call from one of the four major figures in the scandal: Jill Kelley. The call is perfectly bizarre in which Kelley, a Florida socialite, claims “honorary diplomatic” status to get the police to stop people from walking across her lawn. The dispatcher takes listens patiently and appears to resist the temptation to tell her that he will be sending over some honorary police to protect their honorary diplomatic residence.
. . . Kelley has been described as invoking her diplomatic status previously. She was given the unpaid titled of “honorary ambassador” to CENTCOM, the Department of Defense Central Command. This gives her about the same diplomatic status as the hostess at an International House of Pancakes.

BobWoodward jokes at IFCJ dinner: "my next book will be called 50 Shades of Petraeus"
— Blake Hounshell (@blakehounshell) November 14, 2012

From Steve Portnoy at ABC News:

The Korean Embassy confirms Jill Kelley is actually an "honorary consul" of his country, as of August of this year.
— Steven Portnoy (@stevenportnoy) November 13, 2012

The South Korean official who confirmed Kelley's honorary status was quite surprised that she requested "diplomatic protection" from police.
— Steven Portnoy (@stevenportnoy) November 13, 2012

Here's a pic of her Mercedes // RT @londonoe: Jill Kelley's Mercedes plates: "Honorary CONSUL" bit.ly/W6glP1
— Steven Portnoy (@stevenportnoy) November 13, 2012

Washington Post:

Senior law enforcement officials said that a late-night seizure on Monday of boxes of material from the North Carolina home of Paula Broadwell, a Petraeus biographer whose affair with him led to his resignation last week, marks a renewed focus by investigators on sensitive material found in her possession.

“The issue of national security is still on the table,” one U.S. law enforcement official said. Both Petraeus and Broadwell have denied to investigators that he was the source of any classified information, officials said.

. . . “My immediate gut is like this is the National Enquirer,” Sen. Dianne Feinstein (D-Calif.), the chairman of the Senate intelligence committee, said in an interview on CNN. “I mean, every day there is something new.”

Feinstein added that she has “many questions about the nature of the FBI investigation, how it was instituted, and we’ll be asking those.”

. . . The Allen investigation focuses on his extensive correspondence with Jill Kelley, a Tampa resident who had carved out a role as an ad-hoc social ambassador to military personnel at MacDill Air Force Base.
Kelley, 37, a close friend of Petraeus and Allen, inadvertently triggered the investigation that led to Petraeus's resignation after Allen forwarded her an anonymous e-mails he had received from someone using the handle “kelleypatrol.” The messages warned Allen to stay away from Kelley, calling her a “seductress” and suggesting that Petraeus was having an intimate relationship with her, according to a source close to Kelley.

Kelley subsequently received additional e-mails in a similar vein, sent to the account she shared with her husband. The source close to Kelley said they were sent under four anonymous names, some apparently from Internet cafes. Kelley shared the initial e-mails forwarded from Allen with a friend who is an FBI agent, and eventually turned over all the missives to the bureau, which determined that Broadwell had sent them. The subsequent FBI inquiry exposed the Broadwell-Petraeus affair.
Close associates of Allen, who is married, said the general denied that he had an affair with Kelley or that he had committed any wrongdoing in his communications with her. One said that investigators may have misconstrued platonic references to her as a “sweetheart.”
Nevertheless, the bureau turned over a mountain of documents to Pentagon officials — an estimated 20,000 to 30,000 pages, based largely on communication between Allen and Kelley — prompting Defense Secretary Leon E. Panetta to order an inspector general inquiry.

Senator Feinstein: Petraeus Affair Like "Peeling an Onion"

My gut reaction to the affair between General Petraeus and Paula Broadwell, his fangirlish biographer, was to ignore it and move along because it was a personal matter, but over the course of today and tonight it is morphing and changing by the hour into a curiouser and curiouser tale including more and more people. It's starting to sound and feel like a cross between Fatal Attraction and All the President's Men. Or maybe an episode of NCIS.

In fact, this post is going to be a monster just to catch up with the news.



New York Daily News: All In with Broadwell

Petraeus’ romance with Broadwell began two months after he became the nation’s top spy in September 2011, though they met years earlier, Boylan said. The steamy romance ended four months ago, said Boylan, who served as Petraeus’ spokesman in Iraq and spoke with his old boss over the weekend.
Boylan said Petraeus, 60, is “devastated” that he hurt his wife and lost “one of the best jobs he ever had” by falling for Broadwell, a married Army Reserve officer with two young sons.

~~~~~~~~


From Business Insider: Wife is Furious

As his biographer, Broadwell didn't gloss over what is by all accounts a huge factor in Petraeus' success: his wife, Holly. All In: The Education Of General David Petraeus chronicles how the couple met and fell in love.
Holly's father was the superintendent of West Point, where Petraeus went to school, and a respected military academic. Petraeus found the status of Holly's family "intoxicating," because it was in stark contrast to his own parents, a humble librarian and sea captain, Broadwell wrote.
Holly has also reportedly moved 23 times since she married Petraeus. Today, she's a director of the Consumer Financial Protection Bureau.
. . . So far, Holly has been silent on her husband's affair.
An ex-CIA spokesperson said that his wife is so angry over the affair that "furious would be an understatement."

~~~~~~~~
Via Washington Post: Petraeus Regrets

In a farewell letter last week to CIA staff members, Petraeus ­described his affair with Broadwell as behavior that is “unacceptable both as a husband and as the leader of an organization such as ours.” The statement and others from his allies in the days that followed created an impression that he had stepped down of his own volition, and out of a sense of moral obligation.
But some of his closest advisers who served with him during his last command in Iraq said Monday that Petraeus planned to stay in the job even after he acknowledged the affair to the FBI, hoping the episode would never become public. He resigned last week after being told to do so by Director of National Intelligence James R. Clapper Jr. on the day President Obama was reelected.

~~~~~~~~

NY Daily News: Secret Correspondent

As Washington was roiled by the scandal, new details about the affair and its aftermath emerged:
-- Petraeus and mistress Paula Broadwell used an email trick favored by terrorists and drug dealers to hide their messages to each other, storing them as drafts in an account they could both access, instead of sending traceable messages to each others’ inboxes.
-- After Broadwell was revealed to be the mystery correspondent who was sending menacing emails to comely Petraeus pal Jill Kelley, he told her to end the harassment campaign, The Washington Post reported.
-- Kelley, a social liaison for an Air Force base in Tampa, was in near-daily contact with Petraeus when he was overseeing the war in Afghanistan, though his ex-staffers say the frequent emails and instant messages were not romantic.

(From L to R) Natalie Khawam, Gen. David Petraeus, Dr. Scott Kelley, his wife Jill Kelley and Holly Petraeus, the wife of Gen. David Petraeus, watching the Gasparilla parade from the comfort of tent on the Kelleys front lawn on Jan. 30. 2010, in Tampa, Fla.

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Daily Beast Exclusive ~ Cat Fight: Paula Broadwell's Emails

The messages were . . . what the source terms “kind of cat-fight stuff.”
“More like, ‘Who do you think you are? … You parade around the base … You need to take it down a notch,’” according to the source, who was until recently at the highest levels of the intelligence community and prefers not to be identified by name.
Kelley herself seemed mystified as to what was behind the emails, much less who sent them.  “I don’t know who this person is and I don’t want to keep getting them,” she told the FBI, as recounted by the source.
When the FBI friend showed the emails to the cyber squad in the Tampa field office, her fellow agents noted that the absence of any overt threats.
. . . The squad was not even sure the case was worth pursuing, the source says.
. . . Some of the steamier messages made clear that it was an affair. The besotted Broadwell may have viewed the curvaceous Kelley as a threat. Broadwell may be able to run a six-minute mile with Petraeus, but Kelley looks like a woman who lets the guys do all the running—and in her direction.

~~~~~~~~
Wall Street Journal: FBI Agent Investigated

The FBI agent who started the case was a friend of Jill Kelley, the Tampa woman who received harassing, anonymous emails that led to the probe, according to officials. Ms. Kelley, a volunteer who organizes social events for military personnel in the Tampa area, complained in May about the emails to a friend who is an FBI agent. That agent referred it to a cyber crimes unit, which opened an investigation.

However, supervisors soon became concerned that the initial agent might have grown obsessed with the matter, and prohibited him from any role in the investigation, according to the officials.
One official said the agent in question sent shirtless photos to Ms. Kelley well before the email investigation began, and FBI officials only became aware of them some time later. Eventually, supervisors told the agent he was to have nothing to do with the case, though he never had a formal role in the investigation, the official said.

The agent, after being barred from the case, contacted a member of Congress, Washington Republican David Reichert, because he was concerned senior FBI officials were going to sweep the matter under the rug, the officials said. That information was relayed to top congressional officials, who notified FBI headquarters in Washington.

~~~~~~~~
Eric Cantor Involvement

On Saturday, Oct. 27, Cantor spoke by phone to an FBI employee who told him about an investigation, including the details about Petraeus’ affair, and said he was concerned that classified information had been compromised.
Cantor then asked his chief of staff, Steve Stombres, to inform FBI Director Robert Mueller. Because the federal government was closed Monday and Tuesday of that week because to Hurricane Sandy, Stombres did not connect with Mueller’s chief of staff until Wednesday, Oct. 31. Mueller took the information, but gave no indication whether there was an investigation, according to the aide.
The senior aide also said Cantor did not inform anyone else.
Indeed, House Speaker John Boehner did not find out about Cantor’s role in this until the story (of Cantor’s contact with the FBI) broke two days ago. Cantor believed the FBI agent was credible enough to pass on the information to Mueller, but, given that it was a single source whom he had never met, he did not believe there was a need to pass the information on to his fellow House leaders.

~~~~~~~~


New York Mag ~ Security Leak?

. . . a video has surfaced that adds fuel to the speculation about whether Petraeus shared classified information with Broadwell. While speaking on October 26 at the University of Denver, Broadwell said in response to a question about the 9/11 attack in Benghazi, “Now I don’t know if a lot of you heard this, but the CIA annex had actually — had taken a couple of Libyan militia members prisoner and they think that the attack on the consulate was an effort to try to get these prisoners back. So that’s still being vetted.” That sounds to some like Broadwell was referring to an unreported detail about the attack — though it's also possible that she just misunderstood something she heard on Fox News.
. . . The Washington Post reports, "Officers close to Petraeus grew concerned about her posts on Facebook, which they believed sometimes divulged sensitive operational details." According to the New York Times, when Broadwell was first interviewed by the FBI on October 21 she voluntarily turned over her computer. Agents found several classified documents during the search, but both Broadwell and Petraeus denied that he'd given her the files.

~~~~~~~~
NBC: Senator Dianne Feinstein on Andrea Mitchell Video

Via CNN

An angry Senate Intelligence Committee Chairwoman Dianne Feinstein warned again Monday she would investigate why the FBI did not notify oversight committees about its probe into CIA Director David Petraeus after the bureau determined he was having a secret and risky extramarital affair.
"...A decision was made somewhere not to brief us, which is atypical," the California Democrat told NBC's Andrea Mitchell about how the top Democrats and Republicans on the House and Senate intelligence committees are usually briefed on key developments.
"This is certainly an operationally sensitive matter. But we weren't briefed. I don't know who made that decision."
Section 501 of the National Security Act of 1947 spells out the requirements for the executive branch to inform the congressional intelligence committees of key intelligence related activities.
"The President shall ensure that the congressional intelligence committees are kept fully and currently informed on the intelligence activities of the United States, including any significant anticipated intelligence activity as required by this title," the statute reads.
Feinstein described the unfolding scandal, which she learned first about only on Friday when Petraeus announced publicly his resignation, "like peeling an onion. Every day another peel comes off and you see a whole new dimension to this."

~~~~~~~~
Charlotte Observer: Broadwell's NC Home Searched by FBI

About eight to 10 agents brought cardboard boxes used for carrying papers and were on both floors of the home for the search, which began shortly before 9 p.m. About two dozen members of the local and national media gathered. It wasn’t immediately clear what the agents were focused on. The search ended at 1:09 a.m. Tuesday.

The agents appeared to start their search in the kitchen at the rear of the house, turning on lights as they moved into different rooms. Two hours into the search, lights appeared to be turned on in most rooms. After midnight, an agent walked out of the kitchen and retrieved boxes from a Chevy Malibu parked outside. She didn’t comment.

Just after 1 a.m., about eight FBI agents came out of the house with a half-dozen file boxes, a Dell PC, an iMac, a briefcase and a printer. The agents left at 1:09 a.m. The agents declined to comment on what they found.

~~~~~~~~
Washington Post: Probe of Petraeus Scandal Snares Commander John Allen, Head of Nato

ABOARD A U.S. MILITARY AIRCRAFT — The FBI probe into the sex scandal that led to the resignation of CIA director David Petraeus has expanded to ensnare Gen. John R. Allen, the commander of U.S. and NATO troops in Afghanistan, the Pentagon announced early Tuesday.

According to a senior U.S. defense official, the FBI has uncovered between 20,000 and 30,000 pages of “potentially inappropriate” e-mails between Allen and Jill Kelley, a 37-year-old Tampa woman whose close friendship with Petraeus ultimately led to his downfall. Allen, a Marine, succeeded Petraeus as the top allied commander in Afghanistan in July 2011.

. . . Petraeus’s fall from grace shocked the CIA but especially stunned his former colleagues in the Army, where he was considered one of the most brilliant and influential commanders of his generation. Allen, a Marine, was likewise seen as an intellectual, upstanding role model who first made his mark as a general in Iraq and later earned the professional and personal confidence of Obama.

Gawker: Jill Kelley Hires Big Attorney

Among the many odd, swirling facts surrounding the unfolding David Petraeus scandal: Jill Kelley, the longtime friend of the former CIA director who reportedly went to the FBI complaining of harassing emails from Petraeus' mistress Paula Broadwell, has reacted to the mess by bringing out the scandal equivalent of heavy artillery. She's hired DC superlawyer Abbe Lowell and crisis PR specialist Judy Smith—despite the fact that the FBI has concluded its investigation and there are no criminal allegations on the table.
. . . Even if Kelley simply found it prudent to keep a lawyer handy—why Lowell? It's like hiring David Boies because your friend got a speeding ticket. Lowell is the quintessential Washington power broker. He represented Clinton before the Senate during his impeachment trial. He specializes in disgraced political figures, including John Edwards. He's the kind of guy you hire when you're seriously f***ed.
Likewise, Judy Smith is one of those unique DC creatures one hires to make serious problems go away. Her clients have included Monica Lewinsky, Larry Craig, Wesley Snipes, Michael Vick, Kobe Bryant, and the family of Chandra Levy.

Visit NBCNews.com for breaking news, world news, and news about the economy

Visit NBCNews.com for breaking news, world news, and news about the economy

GOP in Galilee ~ Drunken Skinny-Dipping or Naked Baptism?

Why did 20 Republican members of Congress and their staff members go skinny dipping in the Sea of Galilee while on a supposed "educational" trip to the Holy Land?

Was it some strange form of group Baptism? Or merely a drunken revel?

Either way, the FBI wants to know:

During a fact-finding congressional trip to the Holy Land last summer, Rep. Kevin Yoder (R-Kan.) took off his clothes and jumped into the sea, joining a number of members, their families and GOP staff during a night out in Israel, the sources told POLITICO. Other participants, including the daughter of another congressman, swam fully clothed while some lawmakers partially disrobed. More than 20 people took part in the late-night dip in the sea, according to sources who were participants in the trip.

. . . The Sea of Galilee, a Christian holy site, is where Jesus is said in the Bible to have walked on water.

The FBI looked into whether any inappropriate behavior occurred, but the interviews do not appear to have resulted in any formal allegations of wrongdoing.

But Majority Leader Eric Cantor (R-Va.), who was the senior most GOP lawmaker in Israel on the trip, was so upset about the antics that he rebuked the 30 lawmakers the morning after the Aug. 18, 2011, incident, saying they were distracting from the mission of the trip.

Majority Whip Kevin McCarthy (R-Calif.) was also on the privately funded excursion, which means two of the three top Republicans were a part of this trip. Neither Cantor nor McCarthy went swimming that night, the sources said. Some of their staff did.

The Tweets about this have been hilarious, as you might expect:

Show me in the Constitution where it says I shouldn't soak my taint in the Sea of Galilee on an official delegation! politico.com/news/stories/0…

— David Waldman (@KagroX) August 20, 2012

Jeeze. I thought what happened in the Sea of Galilee stayed in the Sea of Galilee. #GOP

— Christina Gomez (@stayupearly) August 20, 2012

BREAKING: Kansas GOP congressman claims "legitimate shrinkage" after late night skinny-dip in Sea of Galilee

— The Daily Edge (@TheDailyEdge) August 20, 2012

And yet who among us has not skinny-dipped in the Sea of Galilee? politi.co/TOockL

— Dylan Byers (@DylanByers) August 20, 2012

Shooting at a Sikh Temple in Wisconsin

So sad that there has been another mass shooting in the United States. This one has been classified as an "act of domestic terrorism," but really aren't they all?



NBC News Story  

A gunman opened fire Sunday morning at a Sikh temple outside of Milwaukee, killing six people and wounding at least three others, including a police officer, before being shot to death, authorities said.

. . . It was not immediately clear why local police were classifying the shooting as domestic terrorism. Federal law enforcement officials told NBC News the suspected gunman had no obvious connection to domestic terror or white supremacist groups and apparently was not on any list of suspected terrorists. The suspect was in his early 40s, and while he had an arrest record, it was for minor offenses, one federal official said. A law enforcement official told NBC News the gunman was dressed in a white T-shirt and black tactical-style pants, which had several pockets for holding ammunition magazines. He was armed with a single handgun, the official said. His name was not released but police say they have a tentative ID and were searching his home.

. . . Officials told NBC News the suspect, who served in the U.S. Army, had many tattoos. The suspect had some kind of radical or white supremacist views but, as far as officials said they had heard, he was not in any kind of radical organization. His previous run-ins with law enforcement involved traffic offenses, they said.

From Reuters

Turban-wearing Sikhs are often mistaken for Muslims, and the Federal Bureau of Investigation is overseeing the probe into shootings, Edwards said. "We're treating this as a domestic terrorist incident," he told reporters. Officials had no details about a possible motive.

Milwaukee's Froedtert Hospital said three male victims included one who had been shot in the abdomen, one in the extremities and face, and a third who was hit in the neck. The Oak Creek shooting was the latest in a series of suburban U.S. gun rampages. Organizations fighting gun violence rate Wisconsin's gun safety laws from low to moderate. There are no limits on the number of firearms that can be purchased at one time, nor on the possession or transfer of assault weapons, according to the Law Center to Prevent Gun Violence.

. . . The Sikh faith is the fifth-largest in the world, with more than 30 million followers. It includes belief in one God and that the goal of life is to lead an exemplary existence. The temple in Oak Creek, south of Milwaukee, was founded in October 1997 and has a congregation of 350 to 400 people. There are an estimated 500,000 or more Sikhs in the United States. Since the attacks of September 11, 2001 by Islamist militants, Sikhs have sometimes been confused publicly with Muslims because of their turban headdress and beards.

JP Morgan Fall-Out Continues

WSJ: Inside JP Morgan's Blunder

On April 30, associates who were gathered in a conference room handed Mr. Dimon summaries and analyses of the losses. But there were no details about the trades themselves. "I want to see the positions!" he barked, throwing down the papers, according to attendees. "Now! I want to see everything!"
When Mr. Dimon saw the numbers, these people say, he couldn't breathe.
. . .Mr. Dimon publicly disclosed the losses in a conference call on May 10. Afterward, he told Mr. Lee: "Maybe I can sleep tonight," according to a person familiar with the conversation.
At home with his wife that evening, he confided to her: "I missed something bad."

Reuters: FBI to Probe Morgan Scandal

A separate source familiar with the FBI probe, opened by the agency's New York office, described it as preliminary. The probe was seen in some quarters as a necessary public step, given the ongoing debate in Washington about bank regulation, and one expert said it raised the level of concern around what happened.
"The FBI looks for evidence of crimes and goes after people who it alleges are criminals. They want to send people to jail. The SEC pursues all sorts of wrongdoing, imposes fines and is half as scary as the FBI," said Erik Gordon, a professor in the law and business schools at the University of Michigan.
The bank's trading losses have also drawn the attention of the U.S. Securities and Exchange Commission and the Federal Reserve, both of which have opened inquiries.

Bloomberg: Republican Lawmakers Off-Balance over Morgan

Some are seeking investigations, with Senator Mike Crapo of Wyoming among those calling on JP Morgan Chairman and Chief Executive Officer Jamie Dimon to testify, which he has agreed to do. Senator Richard Shelby, the Banking Committee’s top Republican, said the loss emphasizes the need for capital standards for banks tougher than what the overhaul requires. Senator Lamar Alexander of Tennessee says Congress has no business getting involved.
...As Republican lawmakers split over their response to the JPMorgan loss, Democrats are unified on their message: that the trading loss underscores the need for tougher regulation of banks.
“It’s one of those things that’s clear that they were betting like you would do at the crap table in Las Vegas and they bet the wrong way,” Senate Majority Leader Harry Reid, a Nevada Democrat, said of the company’s loss this week. “That’s fine if they did it with their own money, but the problem is, the way Wall Street’s been working, is that heads they win, tails we lose.”

CNN: Dimon Will Testify to Senate

The Senate Banking Committee on Monday announced hearings to look into the trading losses from a regulatory angle. At the time, lawmakers said they planned to question regulators, not JPMorgan officials.
But on Thursday, Johnson announced he intended to invite Dimon to speak some time after the two hearings with regulators, which are scheduled for May 22 and June 6. A Banking Committee spokesman said the hearing at which Dimon will testify has not yet been scheduled.
"I encourage all of my colleagues on the Banking Committee to participate in these three critically important and timely hearings, so we can all better understand the facts," Johnson said.

CNBC: Size Matters in a Low Rate World

...there is one aspect which does not surprise rivals, instead generating a weary sigh of recognition: The investment dilemma JPMorgan found itself in in recent years. Notably, it seems one key reason why the CIO office was engaging in funky derivatives trades was that the wider climate made it so difficult for any firm to produce safe returns without taking outlandish bets. And doing this in a “hedged” way has become doubly difficult if you are a behemoth with $360 billion of cash.
Part of the problem lies with the ultra-low interest rate climate. This week the 10-year Treasury yield fell yet again, as the euro zone’s woes intensified.