And he was a whisker away from becoming the next Treasury Secretary...The fucking train has completely gone off the rails.
We need to do our own dd also, does anyone know which filing would contain this information. have looked in the IBKR quarterly filing 10-Q. Big document but does not mention 'hypo' anything even once.
IB is a piker compared to the real TBTF i-banks/commericial banks. Yeah, little family firms like FC Stone.
Look at the last paragraph on page eight: http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p122388.pdf It appears that the calculation that would be most helpful in monitoring the hypothecation risk is computed once a week, on Friday. But I don't know where it might be reported.
MF Global had a completely different business model than IB, which is a pure online brokerage firm. MF was engaged in several other businesses. The shortfall came when their own huge positions in italian bonds went down the road. They tried to compensate these draw downs with client funds what didnt helped them when the firm went broke.
"If anyone thought that you couldnât have your cake and eat it too in the world of finance, MF Global shows how you can have your cake, eat it, eat someone elseâs cake and then let your clients pick up the bill. Hard cheese for many as their dough goes missing." Sad!!! I can imagine the farmers who used MF to hedge will have to pass costs on.