"The Entire System Has Been Utterly Destroyed By The MF Global Collapse" - Obama Cronyism

Zero Hedge ^ | 11/17/2011 | Ann Barnhardt through Tyler Durden

[who knows what evil?]

And oh yeah, that's a REAL CAR-15 painted up all girly.

I thought that was one of those 'Hello Kitty!' mock-ups floating around the web.

Close-up photos cleared that up...it's the real thing! She posted a link to the gun dealer that custom-paints weapons like that...

[jafojeffsurf]

My sister has a gun and bow in pink. Got to love real American Women who stand for truth with fortitude.

[blam]

Hear, Hear.

[who knows what evil?]

The ‘Molon Labe’ inscription is a nice touch...

[sand88]

Anne is awesome.

Indeed. Her videos are simply amazing. I love her spunk -- a true patriot.

[Vince Ferrer]

There is a little Tyler Durden in everybody

And a little Galt too.

Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE, refusing to even allow them to liquidate.

This is critical. Why in the world are they frozen when the commodities are still trading? Take a look at silver today, the customers in silver have just lost a lot of money. Will they get an instant margin call when they finally get their accounts back, one they could have avoided if they were able to access their accounts?

Everything Wall Street does is based upon trust, why would anyone give money to anyone they don't trust? This is people's livelyhoods, their retirements, their kid's college funds. If people do not trust Wall Street, they will find some other place to put their money.

The scary part is that I think Wall Street knows this, but there is such a collapse going on that they can't stop it.

[ex91B10]

From the article:

"The risk exposure precedent that has been set is completely intolerable and has destroyed the entire industry paradigm. No informed person can continue to engage these markets, and no moral person can continue to broker or facilitate customer engagement in what is now a massive game of Russian Roulette."

[STARWISE]

MUST read Ann Barnhardt’s letter on closing
her financial firm. May wish to pass it on.
Rush referred to her letter today.

http://barnhardt.biz/

[Mycroft Holmes]

I'd recommend finding out about this 'Tyler Durden' fella. The reference is from the movie 'Fight Club' starring Brad Pitt. I had avoided the movie for many years, thinking it uninteresting due to the title. Not even vaguely so.

"First rule of Fight Club. Nobody talks about fight club."

[rodguy911]

one can only conclude that this administration is acting like little more than a crime syndicate on a massive scale

So good it had to be repeated and you nailed it once and for all.

The worst part it that its out in the open with a media that says it OK to do since they are all commies. It's Solyndra after Solyndra.

Billions at a time and the fourth estate ignores it all under the guise of white guilt. it's a massive BS scene that has to stop.

It's left to us to get the job done as purveyors of the New Media.

[rodguy911]

A dollar a day keeps the regime away.

[RedMDer]

Thanks. Scary stuff.

[April Lexington]

Sorry, Ann but you trust a communist like Corzine to run a Wall Street firm? You, my dear, are the idiot. He is merely the crook...

[frithguild]

What a strange post - 3 days after the conversation has ended and getting it completely wrong.

Ms. Barnhardt closed her doors because of the risk to her clients caused by Corzine, in combination with the risk of a cascade failure of other overly leveraged firms when European debt issues result in a financial shock. She and her clients are out of cattle futures, without loss due to Corzine.