Served up cold: Street sees revenge with Dimon’s stumble

The Street fighter is meeting some Street justice.  Rivals and longtime critics of JPMorgan Chase and its outspoken CEO, Jamie Dimon, appear to be exacting some revenge on the country’s No. 1 bank for past sins, according to a NY Post report.

Many of the hedge-fund counterparties on the other side of JPMorgan’s monstrous trade appear to be making it difficult for the bank to unwind some of the complicated hedging positions cheaply.  It could be payback for when Dimon’s bank raised the ire of some when it threatened to pull Merrill Lynch’s funding in 2008 as it teetered on the brink of collapse.

Rival firms also accuse JPMorgan of playing hardball by cutting the funding cord at Lehman Brothers as well — leading to the broker’s liquidation.  Observers of MF Global’s recent bankruptcy allege that JPMorgan sought to get the broker/dealer to grant priority to money MF Global owed it just days before it went under in late October….

Read all about it at http://www.nypost.com/p/news/business/served_up_cold_UrAKdC5IyJMR6NyUIhtRGM