[Brandybux]

The full Zero Hedge title is "Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else." I edited it down to fit.

Meanwhile, read this and be Very Afraid.

Be Even More Afraid if this Zero Hedge commentary on a story originating in Reuters gets legs. For, if it gets legs, it will likely spark a run -- not on ordinary banks (tho that too will likely happen, until a bank holiday is declared) -- but on every brokerage house and investment bank in the land.

[circlecity]

Doesn’t this zerohedge site run a financial end-of-the-world story about twice a month?

[Cold Heart]

I’ll be back to read FR comments.

[mojito]

Here's the answer to the question of where the missing MF Global client money went.

And Corzine is such an evil lying cretin because he does know where the money went, but he just refuses to say so.

[mojito]

And this story will get legs: the Reuters story has Morgan Stanley and JP Morgan with almost a trillion dollars in off-balance sheet exposure between them. And for that trillion, there's another trillion - at least - in counter-party risk. And they're not the only ones doing it.

After reading this, my head is spinning.

There isn't one, but maybe dozens of AIGs out there.

I think I need a drink.

[Graewoulf]

What are the names of the Federal Regulators, and why did these Regulators fail to do their jobs?

[grey_whiskers]

Thanks, Brandybux.

*PING* to blam, SAJ, decimon, ex-Texan.

Comments?