In the case of MF, if you chase the lineage of the firm back through Refco, there’s a Democrat meddling in the laws and regs allowing the firm to get away with all manner of stuff clear back to LBJ.
As I said, if the Republicans were not stump-hole-stupid, the issue of MF Global in specifics is a GOLD MINE for scandal-mongering.
But the GOP is too stupid. They don’t even know what an “introducing broker is.” They don’t know what a “margin account” is. They don’t know what “segregation” means, and so on.
On and on and on. The ignorance of the GOP on the financial markets, money flows, banking, investments, etc... is astounding. The Republican base should demand more out of the Republican party, starting with “Mr/Ms Candidate, Do you know your ass from a hot rock about financial markets? Do you know what is wrong with the banking system? (and you’d better not answer “The CRA”)
Screw it. I could go on a rant for weeks about this. I have snow to push around.
There are days I'd settle for a Republican that could just give me the proper definition of a republic.
What is an introducing broker ?