16:01 GMT +317 August 2019
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    Double Down

    Sudden Death Structure

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    Max Keiser, Stacy Herbert
    2910

    On today's episode of Double Down, hosts Max Keiser and Stacy Herbert are joined by Taiwanese shipping tycoon, Nobu Su, to discuss the lawsuit he filed against JP Morgan bank.

    Is Donald Trump trolling when he says he'll appoint JP Morgan's Jamie Dimon as Treasury Secretary in his administration? If not, Nobu Su tells Double Down there are some legal matters he ought to consider. When the global financial crash happened in 2008, the Taiwanese shipping tycoon noticed large amounts of money transferred from his corporate accounts to JP Morgan and now he’s filed a lawsuit in New York in order to find out why that money was taken. Nobu Su discusses the 'sudden death structure' of the global derivatives market which saw his company destroyed.

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    Tags:
    lawsuit, money, financial crisis, JP Morgan
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