If a mechanic were to decline to attempt to repair the car shown below, would you say you were "not very impressed with his admission that he couldn't do his job"?
Frankly, no. Unless you also consider her decision to fold her tent.
If she is a conservative, I'm not very impressed with her admission that she cannot do her job.
You are apparently ignorant and acting like a freaking troll.
The S is presently hitting the F in the financial world, and all you can do is be rude.
Barnhardt is backed up by Karl Denninger at Market-Ticker.com; the whole futures and options market sector is imploding because of the MF Global collapse changing all the rules about customer funds being untouchable.
Read and get a clue, and stop acting like a troll.
She closed the firm BECAUSE she lost faith in the MARKET MECHANISM she had placed her client’s accounts with, not because she couldn’t do the job. Read the blog entry carefully. Her accounts were cleared through the same exchange mechanism that MF Global used. She no longer trusts that her client’s accounts are safe from regulatory decisions that the CME made.
You are not reading the decision the way she made it. She genuinely fears that her clients would be put at a risk (in a market that requires instant trading access to be available) of NOT BEING ABLE TO ACCESS THEIR MONEY. It isn’t the investment risk she fears, but the risk of the Exchange not functioning.
This is a little over-reaching in my opinion but it DID HAPPEN with MF Global’s clients, whose accounts were frozen while markets continued to trade around them.
If a mechanic were to decline to attempt to repair the car shown below, would you say you were "not very impressed with his admission that he couldn't do his job"?