Registered: Jun 2012
08-16-12 05:29 PM
'After interviewing MF Global employees, however, Federal reportedly believe that what felled MF GLobal was recklessness, not criminality.'
How about criminal negligence?
How can taking other peoples money from segregated accounts, without their permission and losing it not be criminal?
Is this a move mastered by the CFTC and congress to restore much needed confidence in the business?
Either way, Corzine has proven 2 things:
1. He isnt responsible and should NEVER be left in charge of others money.
2. He cant trade his way out of a paper bag.
Unfortunately, these are 2 qualities needed to run a hedge fund, so I guess he'll fail (again)