the cftc had its hearing today, and bill murphy read his statement almost as fast as a tobacco auctioneer to get it all in. the highlight for me came when he was asked if he had any evidence of market manipulations. murphy then said he had heard in the past few days from a whistleblower who had e-mails from employees of jp morgan chase, bragging about how much money they were making by manipulating the market. specifically how it was done at the time of non-farm payroll reports and options expiration, and that gata's lawyer was now in the process of obtaining telephone records to substantiate those findings. after a pause, the commissioner then said that was more evidence than they had expected, amid much laughter.

http://www.reuters.com/article/idUSN2521251820100325