Can you or someone here explain to me why Corzine is not facing criminal charges?
I mean I recognize he’s a Dem, but damn what a crook!
We have seen the contracts of these commodity hedge funds. A participant literally gives them permission to do exactly what MF Global did.
The customer gives them permission to use their "safe" deposits to cover losses.
What happens when you have a claim and your insurance company goes broke? But you have been contributing to an annuity.
The reason there were no answers to congress is because they all know the answer (it is legal) but don't want to plaster it all over the world.
yitbos
Sounds like Ann Barnhardt was spot on. Per her, this goes well beyond MF Global into the Merc’s actions and into the FedGov’s beyond that.
http://www.financialsense.com/contributors/2011/12/02/ann-barnhardt/interview-transcript
Last time anyone check, MF GLobal was a front for Arabs and Islamists whose sole purpose was to pave the way for the next Caliphapte using our money. Oil money will destroy us.