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Forum Post: MF Global Sold Assets to Goldman While It Was Looting Their Customer Accounts

Posted 2 years ago on Jan. 4, 2012, 1:04 p.m. EST by nickhowdy (1104)
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7 Comments

7 Comments


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[-] 1 points by demcapitalist (977) 2 years ago

Between that and the Soro's discount bond deal JP worked out ---what a scam !

[-] 1 points by nickhowdy (1104) 2 years ago

Chicago School, Neoliberal insanity....Wetiko people..

[-] 1 points by demcapitalist (977) 2 years ago

The only problem I have with that article is this 2005 law http://syntheticassets.wordpress.com/2009/08/15/the-no-derivative-left-behind-act-of-2005-1-5/ The biggest problems in our economy are due to the law changes that too place during Alan Greenspan's fed tenure, it doesn't really matter if the president was Reagan a Bush or Clinton, they all kissed up to Greenspan and much of the crisis happened legally due to law changes written by the ex-Goldman execs with Gov jobs. http://www.cftclaw.com/2011/12/cme-group-sue-mf-global-executives/ The outcome of this CME lawsuit and potential law changes that will put customers ahead of derivatives will be interesting.

[-] 1 points by nickhowdy (1104) 2 years ago

I'll bet you there will be a settlement, no admittance of wrongdoing, and no law changes to correct the situation...Crap, but you already know that!

Greenspan....Even Ayn Rand thought there was something wrong with him and she was a loon herself.

[-] 1 points by demcapitalist (977) 2 years ago

LOL , I'm gonna bet the CME traders pull a win out of it, sadly I say this because I think oil traders will have some economic pull, but it could at least put some of those draconian laws on the table. I will humbly admit I'm wrong if it's the case.

[-] 1 points by nickhowdy (1104) 2 years ago

You got it...

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