Forum Post: Where is OWS today? MF Global
Posted 12 years ago on Nov. 22, 2011, 8:33 a.m. EST by rexbolt6
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I mean, today seems like a great day to be protesting MF Financial, no? I see nothing about it on your site. Kinda weird. Seems like that's something everyone would get behind.
Yeah good idea.
The Final Straw? Jefferies And Six Other Banks Sued For "Fraudulent" MF Global Bond Issuance
http://www.zerohedge.com/news/final-straw-jefferies-and-six-other-banks-sued-fraudulent-mf-global-bond-issuance
"...every single entity that was impaired in part or in whole as a result of the MF Global bankruptcy will follow suit and sue the same 7 banks... of which only Jefferies does not have the benefit of an infinite backstop."
“If Only They Enforced Bank Regulations Like They Do [Zuccotti] Park Rules, We Wouldn’t Be In This Mess”
http://www.ritholtz.com/blog/2011/11/%E2%80%9Cif-only-they-enforced-bank-regulations-like-they-do-zuccotti-park-rules-we-wouldn%E2%80%99t-be-in-this-mess%E2%80%9D/
Gerald Celente: Uncovering an important Smoking Gun Behind The MF GLOBAL Scandal
(((Video))) http://www.youtube.com/watch?v=6weHpFCrxdw&feature=player_embedded#!
"The Entire System Has Been Utterly Destroyed By The MF Global Collapse" - Presenting The First MF Global Casualty
http://www.zerohedge.com/news/entire-system-has-been-utterly-destroyed-mf-global-collapse-presenting-first-mf-global-casualty
::::::::CME Knew of MF Global Fund Shortfall Before CFTC Regulators?::::::::
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/16/bloomberg_articlesLUQ7FP0YHQ0X.DTL#ixzz1dtKYNyvR
Only days prior to the zombie financial broker that filed for bankruptcy, MF Global conducted “unexplained wire transfers” that brought on a $900 million shortfall in client funds. Customers like Gerald Celente learned that their accounts had been robbed. This is setting a precedent for -internal- bank runs as more big firms begin to go under.
This from BLOOMBERG: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/16/bloomberg_articlesLUQ7FP0YHQ0X.DTL ...“Examiners from CME Group Inc., the world’s largest futures exchange, found unexplained wire transfers at MF Global Inc. and a $900 million shortfall in client funds during the weekend the failing broker was talking with possible buyers, a person briefed on the matter said.”
On October 30th the CME had noticed these funds were missing, yet MF Global didn’t bother to inform the Commodity Futures Trading Commission until the following day after, which suggests that these transfers were made, “in a manner that may have been designed to avoid detection,” according to CME.
((((Good Post rexolt6))))
::::::::Keiser Report: Vampire Banker Hunter::::::::
(((Video))) http://www.youtube.com/watch?v=R3L32RIkqNk&feature=player_embedded#!
(Nov 19, 2011) MaxKeiser&StacyHerbert discuss the ‘tiny rule changes’ and the Zombiebankland behind the collapse of MF Global.
In the second half of the show, Max Keiser interviews Barry Ritholtz about the big lie that bankers did not cause the crisis and what MF Global means to the markets.
::::::::The Koch Brothers and MF Global - Friends to the End::::::::
http://www.huffingtonpost.com/daniel-dicker/the-koch-brothers-and-mf-_b_1089906.html
“Both the Commodity Futures Trading Commission and the Chicago Mercantile Exchange were charged with overseeing MF Global, their clearing member. If we are to believe them, they had no idea of any difficulties within the firm before customer accounts went missing just a few days before the collapse. But someone clearly knew of the cratering positions and imminent collapse of MF Global, as billions of dollars of accounts were “coincidentally” withdrawn. And what do the Koch brothers say was the reason for these withdrawals? There's been no comment.”
::::::::Continue reading this article at Huffington Post::::::::
::::::::::::Bring it On (Silver Liberation Army Dub Mix)::::::::::::
(((Video))) http://www.youtube.com/watch?v=UaZofhI1Ruk&feature=player_embedded
Corzine’s Broker License EXPIRED YEARS AGO… FINRA let him run MF Global Without One.
http://maxkeiser.com/2011/11/21/corzines-broker-license-expired-years-ago-finra-let-him-run-mf-global-without-one/
November 21, 2011
(((Joy riding is the perfect analogy!)))
Did Someone At FINRA Do Corzine A Favor And Waive His Registration Requirements?
http://www.forbes.com/sites/billsinger/2011/11/04/did-someone-at-finra-do-corzine-a-favor-and-waive-his-registration-requirements/
-Here’s a bit of Wall Street arcana-
The Financial Industry Regulatory Authority’s (“FINRA”) website provides this information at : http://www.finra.org/Industry/Compliance/Registration/QualificationsExams/RegisteredReps/Qualifications/p011102
-Who must register as a representative?-
Anyone actively involved in the member’s investment banking or securities business must be registered as a representative with FINRA. Their duties may include supervision, solicitation, or training of persons associated with the member.
[NASD Membership and Registration Rule 1031(b) - Definition of Representative]
-Who must register as a principal?-
Persons associated with a member, enumerated below, who are actively engaged in the management of the member’s investment banking or securities business, including supervision, solicitation, conduct of business, or the training of persons associated with a member for any of these functions are designated as principals. Such persons shall include:'
(1) Sole Proprietors
(2) OfficersPartners
(3) Managers of Offices of Supervisory Jurisdiction, and
(4) Directors of Corporations.
:::::::Continued, read more Here:::::::
http://www.forbes.com/sites/billsinger/2011/11/04/did-someone-at-finra-do-corzine-a-favor-and-waive-his-registration-requirements/
Is MF the John Corzine led group?
are you guys still there?? or did you run out of free food?
Thanx for your timely post.
@ Those who may need their outrage stoked a little by some facts and analysis, please watch (& in particular the 1st 10 mins.) : http://rt.com/programs/keiser-report/episode-213-max-financial/ ,
Max Keiser and Stacy Herbert are increasingly THE 'go to' analysts re. a critique of 'The Global Insurrection Against Banker Occupation' & thus, http://rt.com/programs/keiser-report/ & http://maxkeiser.com/ .
fiat lux et fiat justitia ruat caelum ...
"On November 19, Reuters said the firm “moved hundreds of millions of dollars in customer money from its US brokerage unit to Bank of New York Mellon Corp. in August, just months before filing for bankruptcy….” In other words, MFG lawlessly looted customer accounts. It used client money for its own purposes to speculate, as well as cover debt obligations and losses. At issue is grand theft.
In fact, it’s one of the most brazen acts in memory in a business notorious for outrageous criminality. What ever’s gotten away with incentivizes Wall Street crooks to steal more. Why not! At most, they’re slap on the wrist punishments mock rule of law justice."
The rest of the article is here http://www.veteranstoday.com/2011/11/22/mf-global-looted-customer-accounts/
Missed opportunity today kids.
Nobody?