How MF Global tapped out -- the real story.

I'm not going to pretend to be sophisticated enough to know if this is correct down to the details but it is, I believe, likely to be proven largely accurate once the story has unfolded.

ET member Ed Breen posted this in another thread which is where I discovered it. I think it deserves its own thread.

http://newsandinsight.thomsonreuter...d_the_great_Wall_St_re-hypothecation_scandal/

 

Err... Do you read the forums at all? It already has it's own thread right here:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=232268

 

I missed that this article was in that forum.