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To: ConservativeMind
she knows that, I'm sure.

the article isn't about FDIC money. the NFA regulates futures firms, not banks. the only "bank" angle here is that the futures firm pledged customer funds to a bank as collateral for a loan -- and then defaulted. The outrage is that the court ruled "damn the customers" whose money it was -- the bank is senior creditor.

I suppose in a civil court they could argue to divvy up the bank on behalf of the customers.

5 posted on 08/11/2012 10:48:25 AM PDT by the invisib1e hand (At what point does an escalated effort to remove this traitor commence, and what form does it take?)
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To: the invisib1e hand

If she knows that, maybe she just isn’t very good at communicating.


46 posted on 08/11/2012 7:56:17 PM PDT by CharlesWayneCT
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