Someone Is Going To Jail For This: MF Global Caught Stealing Hundreds Of Millions From Customers?
Question: What did the admin, regulators, and the ratings agencies know and when did they know it?
Thank you!
i saw something on fox business yesterday about this mf thing - i don't really know what it is - but they said it has something to do with traders executing trades - a ‘clearing house’ or something - and was a big one - handles like 1/3 of all trades
it was ‘down’ or closed or broken yesterday - for a time at least - and traders could not trade at all - some guy trying to defend it said something about individuals could sell out of a fund completely but no trades were happening - and no checks were being written